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When i enter foreign rental income in schedule E should I enter the same income in foreign income credit section and if yes what adjustments to this foreign rental income

 
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RichardK
New Member

When i enter foreign rental income in schedule E should I enter the same income in foreign income credit section and if yes what adjustments to this foreign rental income

You report your Foreign rental income as you would your U. S. rental income on Schedule E, however you may be entitled to a foreign tax credit, if you paid tax yo a foreign government on that income, click here for instructions on reporting your foreign rental income in Turbotax.

To claim the foreign tax credit you enter the net rental income on Form 1116, click here for instructions to enter the foreign tax credit in Turbotax.

The foreign tax credit does not affect the Schedule E. 

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