Deductions & credits

@SusanY1   @Gregbert 

Hi Susan - thank you for your guidance on this topic - it was really appreciated as I have the same situation.  (would like your thoughts as well, Greg).

 

One thing that worries me is that the IRS guidance says we must be very careful - that the FEIE applies on income X, and Foreign Tax Credit (FTC) applies on income Y;  and X and Y can not overlap.

 

So if I enter all my foreign earned income (say $200K) as Foreign Earned Income in that section in TurboTax, and then exclude the max $107K, and then go to the section on TurboTax for the FTC and claim the remaining $93K - would that still show up in a way that it looks fine (e.g. the same income did not get FEIE and FTC) ?

 

Thank you!