turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I live and work in the UK as an expat. I don't have a W-2. How can I report my income in TurboTax? And how can I convert the income from GBP to USD currency?

I already paid my UK taxes ...
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
LinaJ2018
Intuit Alumni

I live and work in the UK as an expat. I don't have a W-2. How can I report my income in TurboTax? And how can I convert the income from GBP to USD currency?

If you are a US citizen or resident who earned wages overseas, enter your wages as foreign income.   

Use https://www.oanda.com/currency/converter/  to convert your income from GBP to US dollars.

 

To enter foreign earned income / exclusion in TurboTax online program:

  • After sign into your account, select Pick up where you left off
  • At the right upper corner, in the search box, type in foreign income and Enter 
  • Select Jump to foreign income 
  • Next screen, Did You Make Any Money Outside the United States? answer Yes 
  • On-screen, What Form(s) Was Foreign Income Reported On ? check the third box and continue to proceed

After the exclusion, if there is a remaining amount where you need to pay taxes to both US and UK governments, you may be able to claim a foreign tax credit on that amount.  See https://ttlc.intuit.com/replies/4203946

 

 

View solution in original post

1 Reply
LinaJ2018
Intuit Alumni

I live and work in the UK as an expat. I don't have a W-2. How can I report my income in TurboTax? And how can I convert the income from GBP to USD currency?

If you are a US citizen or resident who earned wages overseas, enter your wages as foreign income.   

Use https://www.oanda.com/currency/converter/  to convert your income from GBP to US dollars.

 

To enter foreign earned income / exclusion in TurboTax online program:

  • After sign into your account, select Pick up where you left off
  • At the right upper corner, in the search box, type in foreign income and Enter 
  • Select Jump to foreign income 
  • Next screen, Did You Make Any Money Outside the United States? answer Yes 
  • On-screen, What Form(s) Was Foreign Income Reported On ? check the third box and continue to proceed

After the exclusion, if there is a remaining amount where you need to pay taxes to both US and UK governments, you may be able to claim a foreign tax credit on that amount.  See https://ttlc.intuit.com/replies/4203946

 

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies