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Taxboy1
New Member

Income abroad exclusion

I need to fill out the tax form for international income. I know it is very complicated and there is a Foreign Earned Income Exclusion. Does Turbo Tax Deluxe can handle all these stuff?

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Accepted Solutions
LinaJ2018
Intuit Alumni

Income abroad exclusion

Yes, the Deluxe version can handle.  It supports both the Form 2555 Foreign Earned Income Exclusion FEIE and Form 1116 Foreign Tax Credit.  

After using the FEIE, if there is any amount which cannot be excluded which you pay taxes to both the US and the foreign government, you may file a Form 1116 to claim a credit on your US taxes. 

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1 Reply
LinaJ2018
Intuit Alumni

Income abroad exclusion

Yes, the Deluxe version can handle.  It supports both the Form 2555 Foreign Earned Income Exclusion FEIE and Form 1116 Foreign Tax Credit.  

After using the FEIE, if there is any amount which cannot be excluded which you pay taxes to both the US and the foreign government, you may file a Form 1116 to claim a credit on your US taxes. 

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