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Self employed
You’ll steps are correct. You may not see your compensation on Form 1116 if you did not enter your income a second time in Foreign Taxes in Deductions & Credits.
TurboTax does not carry over self-employment income the way it does dividends.
- After you selected General category income on the screen “Choose the Income Type”
- On “Country Summary” select Add a Country
- On “Other Gross Income — (Your Country)" enter a description and amount in USD.
- Then enter your "Definitely Related Expenses" on the next screen. Click on the check box Show me all of my deductions.
- Later, you'll add your foreign tax paid or withheld in USD.
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March 31, 2023
5:48 PM