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How can I exclude income reported in Form 2555 from Form 1116 Line 1a?
I'm using TurboTax online. I reported my wife's foreign earned income as she worked in a different country. Form 2555 had been added to claim foreign earned income exclusion but when I tried to claim foreign tax credit I found that her entire salary was reported on Form 1116 Line 1a, but my understanding had been that as per IRS only wages not excluded on Form 2555 should be reported here.
Was my understanding wrong and she can claim her entire salary in both Form 2555 and Form 1116, or is there any place in TurboTax online where I can reduce the amount in Form 1116 Line 1a?
Was my understanding wrong and she can claim her entire salary in both Form 2555 and Form 1116, or is there any place in TurboTax online where I can reduce the amount in Form 1116 Line 1a?
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‎February 28, 2021
10:18 PM