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How can i use turbotax if i moved 2 US in July 2018? Filed foreign earned income in 2017. Now need to file same till July + LLC cost loss + healthcare premium tax credit

 
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KarenJ
Intuit Alumni

How can i use turbotax if i moved 2 US in July 2018? Filed foreign earned income in 2017. Now need to file same till July + LLC cost loss + healthcare premium tax credit

Yes, you can use the foreign earned income exclusion from 7/24/17 to 7/23/18 if you meet the Physical Presence Test .

You meet this test if you are physically present in a foreign country or countries for a total of 330 full days (approximately 11 months) during a 12-month period.

This test applies to both U.S. citizens and U.S. resident aliens. Some of this time may be vacation time in foreign countries. 



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4 Replies
KarenJ
Intuit Alumni

How can i use turbotax if i moved 2 US in July 2018? Filed foreign earned income in 2017. Now need to file same till July + LLC cost loss + healthcare premium tax credit

What date did you first arrive in the US in 2018?  Were you in the US in 2016 or 2017?  What visa?  Thank you.  I am asking the questions so I can determine what type of return you need to file.

How can i use turbotax if i moved 2 US in July 2018? Filed foreign earned income in 2017. Now need to file same till July + LLC cost loss + healthcare premium tax credit

I am a US resident (Green Card holder) since 2015, and was out of US for job reasons. Filed Foreign earned income for year 2015,16,17. Moved back permanently on July 23rd 2018. So can i file foreign earned income exclusion till July 23rd and then onwards regular tax? Thanks
KarenJ
Intuit Alumni

How can i use turbotax if i moved 2 US in July 2018? Filed foreign earned income in 2017. Now need to file same till July + LLC cost loss + healthcare premium tax credit

Yes, you can use the foreign earned income exclusion from 7/24/17 to 7/23/18 if you meet the Physical Presence Test .

You meet this test if you are physically present in a foreign country or countries for a total of 330 full days (approximately 11 months) during a 12-month period.

This test applies to both U.S. citizens and U.S. resident aliens. Some of this time may be vacation time in foreign countries. 



How can i use turbotax if i moved 2 US in July 2018? Filed foreign earned income in 2017. Now need to file same till July + LLC cost loss + healthcare premium tax credit

Thanks KarnenJ.

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