Some income for my business was a consulting fee from Sweden. Do I report this foreign income on Schedule C or under Personal/Foreign Earned Income and Exclusion?
041203
4 Replies
RichardK
New Member
Jun 3, 2019 1:44:54 PM
No, if you are in the U. S. a consulting fee from Sweden, will
not qualify for the earned income exclusion, you add the income from Sweden to your
other (US) income.
pcarmines
New Member
Jun 3, 2019 1:44:55 PM
Sweden withheld taxes from this income that was earned during a short trip there. If I report the income as business income, can I claim credit for foreign income taxes or a deduction for those taxes?
pcarmines
New Member
Jun 3, 2019 1:44:56 PM
Sweden withheld taxes from this income that was earned during a short trip there. If I report the income as business income, can I claim credit for foreign income taxes or a deduction for those taxes?
RichardK
New Member
Jun 3, 2019 1:44:57 PM
You may be able to claim a foreign tax credit or a deduction for the Swedish taxes paid