GoJY
Level 2

Reporting Foreign Earned Income by claiming FTC only instead of FEIE

Hi everyone,

I'm a US citizen living and working in Japan. I have salary income earned in Japan in 2023. I'm filing my US taxes and noticed TurboTax automatically generated Form 2555 (Foreign Earned Income Exclusion).

However, I'm interested in claiming the Foreign Tax Credit (FTC, Form1116) only instead of the Foreign Earned Income Exclusion (FEIE, Form2555).

Here's my question:

  • Can I simply delete Form 2555 in TurboTax if I want to claim the FTC?

  • Or is there a specific way to indicate I'm choosing the FTC within TurboTax?

I've paid Japanese income taxes on my salary.

Any insights or guidance would be greatly appreciated!

 

Thanks!