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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
- Type foreign income in Search (magnifying glass) in the top right
- Select Jump to foreign income
For more help: Do I need to report foreign income?
II. Foreign Tax Credit
- Type foreign tax credit in Search (magnifying glass) in the upper right corner
- Select Jump to foreign tax credit
- 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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‎February 25, 2023
5:24 PM