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If you are a US citizen or resident who earned Canadian income, you will need to enter the amount as foreign income. To do so in TurboTax Deluxe online program, go to:
1. After sign into your account, select Take me to
my return
2. At the right upper corner, in the search box , type in foreign income and Enter
3. Select Jump to foreign income
4. Next screen, Did You Make Any Money Outside the United States? answer Yes
5. On screen, What Form(s) Was Foreign Income Reported On ?check the third box and continue to proceed
If you lived outside United States for at least 330 days during 12 consecutive months, you might be able to exclude your foreign income from your taxes. For more information, see Foreign income and exclusion and Extension. For tax year of 2016, the maximum foreign earned income exclusion amount is $101,300
If you pay taxes on the same amount of income to both US and Canada, you might be able to receive a foreign tax credit on Form 1116. To enter this information in the program, please follow these steps:
1. After sign into your account, select Take me to my return
2. At the right upper corner, in the search box , type in foreign tax credit and Enter
3. Select the 1st choice on the search results - Jump to foreign tax credit
4. Start with screen Foreign Taxes and select Continue to follow prompts.
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