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New Member

When asked to enter my foreign earned income on which I pay foreign taxes, should I enter gross or net foreign earned income?

 
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Level 9

When asked to enter my foreign earned income on which I pay foreign taxes, should I enter gross or net foreign earned income?

Gross foreign earned income is entered (before taxes) for the foreign earned income exclusion. Then, please be sure to go to Deductions & Credits>Estimates and other Taxes Paid>Foreign Taxes and enter the taxes that you paid on the foreign income to claim foreign tax credit. 

Level 1

When asked to enter my foreign earned income on which I pay foreign taxes, should I enter gross or net foreign earned income?

 
Employee Tax Expert

When asked to enter my foreign earned income on which I pay foreign taxes, should I enter gross or net foreign earned income?

 

Gross foreign earned income is entered (before taxes) for the foreign earned income exclusion, unless you have self-employment income, then you would enter your net self-employment income after expenses.

 

Then, please be sure to go to Deductions & Credits>Estimates and other Taxes Paid>Foreign

 

Taxes and enter the taxes that you paid on the foreign income to claim foreign tax credit. 

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