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New Member
posted Jun 3, 2019 1:44:53 PM

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?

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4 Replies
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. 

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?

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?

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