Anonymous
Not applicable

Filing the US tax for parents earning retirement income and paying taxes in India

Hi,

My dad worked and retired in India a while back. He is getting his retirement income in India and is paying his taxes there for that income. He got his permanent residency in the United States last year. He is going to file his tax in the U.S. for the first time now (for 2019). Questions:

 

1. Where should he report his retirement income and the taxes paid in TurboTax? Does he report his retirement income under "Foreign Earned Income and Exclusion" under the "Less Common Income" section?

2. Does he report the taxes paid in India under the foreign tax credit deduction section?

3. Is entering that information and filing the tax good enough to get the Premium Tax Credit (PTC) for the health insurance marketplace?

 

Your help is greatly appreciated.

Thank you.