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Can any explain step by step how I can simply input my foreign tax credit on my income that was NOT included in my foreign income exclusion? Turbo tax seems complicated
My Japan income due to early retirement was US 330,079.83 after FX conversion of 109.817. I am eligible for Foreign income exclusion of 108,700. However the remainder of US 221,379.83 income I would like to apply the Foreign taxes I paid on the remainder amount which is $32,880.54 (JP income/resident tax). How can I simply apply the Foreign Tax credit on turbo tax.
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March 28, 2022
11:22 PM