turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kutlulev
New Member

When I am stating my foreign income do I announce the income before I pay tax (to the foreign country) or the net income after tax?

When I am stating my foreign income do I announce the income before I pay tax (to the foreign country) or the net income after tax?

For example, say my before tax income in Turkey is $3500. But, I pay $1000 tax to Turkey. When I am reporting my foreign income to the US, should I say $3500 or $2500 for my foreign income?

Thanks


Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Leonard
Intuit Alumni

When I am stating my foreign income do I announce the income before I pay tax (to the foreign country) or the net income after tax?

You will report your gross income before any taxes were withheld.

In your example, you would report $3,500 as your income.

You may be eligible for a credit on the taxes you paid to the foreign country.

View solution in original post

1 Reply
Leonard
Intuit Alumni

When I am stating my foreign income do I announce the income before I pay tax (to the foreign country) or the net income after tax?

You will report your gross income before any taxes were withheld.

In your example, you would report $3,500 as your income.

You may be eligible for a credit on the taxes you paid to the foreign country.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies