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You can claim a foreign tax credit for the taxes paid to the other countries. Here is how to enter.
When the program asks you to enter other gross income, report the gross income from both countries when you get to that section to report the income. Do not enter the net profit or else you won't get the credit, since it was zero. As an FYI, entering the income information here does not get reported in your return. This is just a tool to calculate your foreign income amount so this is why you will not enter expenses and deductions here.
Also don't enter expenses or deductions in this section or else this will reduce the credit. You have already entered expenses when you prepared your Schedule C.
This is a brief overview on claiming the foreign tax credit. if you have any additional questions, please reach back to us. We are here to help.
Great instructions! Thank you so much!
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