No, your foreign income should be entered as detailed below. Your foreign taxes should be detailed as foreign taxes in your return.
If you did not have a W-2, you need to enter your UK wages under foreign earned income exclusion section in TurboTax (enter foreign income in the search box at the top of your screen and click the Jump to link). This will take you to Foreign Earned Income and Exclusion under Less Common Income under Wages & Income.
After you enter your foreign income in this section a few screens later it will ask you, Would You Like to Try and Exclude Your Foreign Earned Income? If you do not wish to use the exclusion, then click NO, I know I don't qualify to exclude my income. (Please note that if you have been using the foreign earned income exclusion in previous years and do not use it this year, you in effect have revoked it and cannot use it for another 5 years).
To report your UK taxes paid on wages for foreign tax credit:
- Click on Deductions &
Credits
- Scroll down to Estimates and
Other Taxes Paid
- Scroll down to Foreign Taxes
- Click 'Yes" you paid
foreign taxes
- Click through the screens
regarding foreign interest and dividends
- Click yes that you have
reported all your foreign income already in TurboTax
- Click that you want to take a
credit
- Answer question about the
Simplified Limitation Election
- Choose income type for wages - it will be General catagory income
- Add UK as the country
- Enter description -UK wages
- Enter Income amount that you
previously reported in TurboTax
- Enter your taxes you paid on
your foreign wages in the box "Other income"
-
Continue through ALL the foreign tax credit screens
until done.
