Hello ! If you are a US citizen or resident and earned foreign wages overseas, you would enter them 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 information in TurboTax Deluxe online edition, here are the steps:
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 ,
follow prompts to upgrade
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 ? make
your selection and continue to proceed
-After the exclusion, if you paid taxes to both foreign and US government on the same amount of any income, you may qualify to claim a foreign tax credit by filing a Form 1116. See instructions below.
To enter a 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.
