@tjudge530 , if your foreign earnings are from self-employment abroad, then it requires a little bit more than simple foreign earned income treatment---- (a) you first tell TurboTax that you are self-employed and that will result in schedule-C being filled out plus the schedule-SE ( the one for Self-Employment tax at 15.3% of most of net income). Note that on schedule C you show your gross income as also all the allowable expenses associated with this income stream; (b) you follow the instructions for "foreign earned income and exclusion" --- here you have to make sure that TurboTax does not show the self-employed income twice
If this is your world income, the foreign income that is , then all of it would be excluded upto the max allowed for the year --- for 2019 it was US$105,900 and for 2020 it is US$107,600. Any taxes paid to a foreign tax administration on Un-Excluded foreign income is eligible for foreign tax credit
Does this answer your query ?
