ErnieS0
Expert Alumni

Deductions & credits

Yes. You can report foreign income, exclude foreign earned income (Form 2555) and claim a Form Tax Credit (Form 1116) or deduction in TurboTax.

 

I. Foreign Earned Income and Exclusion

  1. Type foreign income in Search (magnifying glass) in the top right
  2. Select Jump to foreign income

For more help: Do I need to report foreign income? 

 

II. Foreign Tax Credit

  1. Type foreign tax credit in Search (magnifying glass) in the upper right corner
  2. Select Jump to foreign tax credit
  3. Complete the screens to claim either the credit or deduction

For more help: Where do I enter the foreign tax credit (Form 1116) or deduction?

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