Please see the following steps:
First input your W-2 if you received one. If you did not receive a W-2 (or even if you did) you then need to go to the foreign earned income section of TurboTax (even if you do not qualify for the foreign earned income exclusion). If you only received foreign wages, not on a W-2, enter them here. If you are not taking the exclusion, after a number of screens you will see the following screen: Would you like to try and exclude your foreign earned income? Click No.
To report your foreign tax paid on your wages for foreign tax credit:
- Enter foreign tax credit in
the search box at the top of the page and click the Jump to link
- Click 'Yes" you paid
foreign taxes
- Click through the screens
regarding foreign interest and dividends
- Click yes that you have
reported all your foreign income already in TurboTax
- Click that you want to take a
credit
- Answer question about the
Simplified Limitation Election
- Choose income type for
wages- it will be General category income
- Add XXX as the country
- Enter description -XXX wages
- Enter wage amount that you
previously reported in TurboTax
- Enter your taxes you paid on
your foreign income in the box "Other income"
- Continue through ALL the
foreign tax credit screens until done.
