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Form 1116

Good morning DaveF1006!

 

I value your suggestion.  My country of residence is the U.S. and has been for over 20 years continuously.  Being a dual-citizen of the U.S. and my country of birth.

 

The way you described will make it possible for me to report the foreign earned social security to the IRS as income which is what I like and, by law, all income from all sources must be reported to the IRS.  My modest social security was taxed heavily at 17.5% rate too and given that it was a modest sum shouldn't increase my overall taxes here in the U.S. (filing married jointly).  I also have, from the foreign Payor, a document called "Certificate of Income" which clearly states the amount and also the taxes already paid in tax-year 2024.

 

Cheers,

JJ

Form 1116

DavidF1006,

 

When doing it the way you described I am presented with a "weird" question (I ran the Analysis on the return),  See below:

Student Status.jpg

Neither I nor my spouse are students and if there is "No entry", won't there be a problem in future?

 

JJ

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