I'm on the page where Turbo Tax says the following: You may have deductions related to your foreign earned income. These deductions must be entered in other areas of TurboTax. The portion of these deductions allocable to foreign earned income should be entered here. For example, you should enter your business expenses in the Business Income Interview, and here you will enter the business expenses which related to your foreign earnings.
I have 3 examples and need clarification.
1. I have a business that generated $50k foreign revenue, operating expenses is $30k, which means net profit is $20k. Based on the statement above, do i enter $30k here?
2. Suppose I have some work-related expenses with my foreign employer, and they were not reimbursed. I would usually enter them in the work expense deduction section. Do I also enter these expenses here as well?
3. Suppose I have a foreign rental that generated $10k in total expenses, do i also enter this here?
Thanks.
