How do I enter more than 1 employer for 'Foreign Earned Income and Exclusion'? If you add a 2nd foreign employer in miscellaneous income, it is not listed as tax exempt.

[bulegila187]

I added the 2nd employer under 'Other reportable income' in the 'Miscellaneous Income' section.

[DaveF1006]

I think there is some confusion here. When you enter both employers in miscellaneous income, this does not end as far as trying to get this income excluded,  There is more work to do.

1. Click on Federal Taxes > Wages & Income  [If you're in TT Home & Biz:  Personal > Personal Income > I'll choose what I work on]
2. In the Less Common Income section, click on the Start/Update box next to Foreign Earned Income and Exclusion.  
3. On the screen Did You Make Any Money Outside the United States? mark Yes and click Continue. 
4. On the screen What Form(s) Was Foreign Income Reported On? mark the selection that applies and click Continue. 
5. Continue through the screens, entering the requested information.

[bulegila187]

Thank you for your explanation. I followed the steps as suggested, but it still doesn't allow more than one employer under the foreign exempt income. 

[ErnieS0]

If you have more than one foreign employer, total your foreign income.

If you moved, or had foreign employers in different countries, follow the advice of Champ @pk in 2555 Multiple Employers and Housing Status for reporting your income and Tax Expert @SusanY1 if you have multiple housing locations.

[bulegila187]

Noted and thanks.

On the topic of foreign income, regarding interest earned on foreign bank accounts and so on, should that just be filed under a normal 1099-MISC? Or is there a specific way I should be entering this data.

[ErnieS0]

Foreign bank interest is entered the same way in TurboTax as interest earned from a US Bank.

To enter interest income:

1. Type "1099int" in Search in the upper right
2. Select "Jump to 1099int"
3. Say Yes to Did you receive any interest income?
4. Continue past Get ready to be impressed
5. On Let’s import your tax info go to the bottom and click Change how I enter my form
6. On How do you want to add your 1099‑INT? choose Type it in myself
7. Enter your info
8. Select My form has info in other boxes (this is uncommon) to enter any tax withheld

[bulegila187]

If I am not mistaken with the rules for the 1099-INT, if interest for example is less than $10, whether it is foreign or domestic doesn't need to be declared. Is this correct? 

[DanaB27]

No, you need to report all interest earned worldwide. Banks are just not required to send a 1099-INT if your interest is less than $10.

@bulegila187

[bulegila187]

Additionally, would interest earned via P2P lending be classified as 1099-INT whether it's domestic or foreign? 

[RobertB4444]

Yes.  All interest earned from any source is entered into the 1099-INT system in TurboTax.

[mayakerem]

But if you total your foreign earned income, who is the employer you fill in the details for? there's only one place to fill in one employer