DianeW777
Expert Alumni

Self employed

Yes, the US will give you a credit for taxes paid to Italy on the same income because you are a US citizen. The credit will be the lesser of:

  • Tax paid to Italy, or
  • Tax the US would have charged on this income. 

The Foreign Tax Credit will be calculated based on the numbers you enter. For Italy, you should enter what they actually charged after the US tax credit.

 

@flovazquez78

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