If you are a US citizen or resident who lived and earned wages
overseas, enter your wages as foreign income. See instructions below. If you lived outside United States for at least 330 days during 12 consecutive months, you might be able to exclude your foreign income from your taxes. For more information, see Foreign income and exclusion and Extension. For tax year of 2016, the maximum foreign earned income exclusion amount is $101,300.
To enter foreign earned income / exclusion in TurboTax
online program:
1. After sign into your account, select Take me to
my return
2. At the right upper corner, in the search box ,
type in foreign income and Enter
3. Select Jump to foreign income
4. Next screen, Did You Make Any Money
Outside the United States? answer Yes
5.
On
screen, What Form(s) Was Foreign Income Reported On ?check the
third box and continue to proceed
After the exclusion, if you paid taxes to both US and the foreign country on certain amount of wages or income, you may claim a foreign tax credit on your US taxes.
To enter form 1116, foreign tax credit :
1.
After sign into your account, select the orange buttonTake me to my
return
2.
At the right upper corner, in the search box , type in foreign
tax credit and Enter
3.
Select the 1st choice on the search results - Jump to foreign tax
credit
4.
Start with screen Foreign Taxes and select Continue to
follow prompts.
