TeresaM
Expert Alumni

Deductions & credits

This will be reported under Less Common Income in Foreign Earned Income and Exclusion
Foreign earned income includes wages, salaries, bonuses, commissions, professional fees, and tips earned in a foreign country, foreign earned income also includes foreign business profits if 100% of the profits were derived from your personal services.

This is where you should report any foreign earned income that you have not already reported in other areas (such as your W-2, or 1099-INT, or 1099-DIV).

When you come to the screen that says
Would You Like to Try and Exclude Your Foreign Earned Income?  This is where you would check if you can take advantage of  Foreign Earned Income Exclusion. Or not exclude the income and check if the Foreign Tax Credit  might be a better fit.  You can even combine them but cannot double dip on the same earnings.

 

This is a TurboTax Help article with information about choosing which is better for you. You may wish to try it one way on your return and then the other, to see which has the better outcome.  Foreign earned income

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