Form 116 line 1a. Is gross income from sources within country both US income plus income in the possession not taxable in the USA?

Forum|Forum|7 years ago
June 6, 2019
5 replies
26 views

I need to file form 1116 but I need to know if line 1a should include only the income generated outside the USA and not taxable in USA?

Best answer by rogge1722

Line 1a does exclude foreign income that is not taxed in the USA. An example would be foreign earned income excluded on Form 2555 would not be included.

rogge1722Answer

Level 10

Line 1a does exclude foreign income that is not taxed in the USA. An example would be foreign earned income excluded on Form 2555 would not be included.

crsuare1Author

Level 2

Thanks. So what should be included in 1a since it reads “gross income from sources within country”? This excluded income is the only income generated outside the US ( in my case interest paid to me in Puerto Rico)