EA17
Level 1

Deductions & credits

Hi @pk ,

 

Thank you for the extremely quick and helpful reply.

(a) Yes

(b) Yes

(2) Since I am able to exclude all of my foreign *earned* income with the FEIE, do I need to submit a form 1116 for general category income at all in this situation?

(3) Following this, it is correct to submit just one form 1116 for passive income listing the foreign capital gains and the foreign tax paid on these capital gains (this portion of the total foreign tax) on this form? And all earned income would be taken care of by the FEIE?

 

Thanks again!