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Deductions & credits

The Foreign Earned Income Exclusion is filed on Form 2555  and The Foreign Tax Credit is filed on Form 1116. Both the credit and the deduction are entered in the same place.

In most cases, taking the credit works out better than the deduction. TurboTax will help you decide which one's best for you when you go through this section.

For more information please check the link below :

Where do I enter the foreign tax credit (Form 1116) or deduction for 2020?

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