Foreign earned income tax credit
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hotpxl
Level 1

Foreign earned income tax credit

I have foreign earned income in 2020 that cannot be excluded (I wasn't physically abroad long enough). So I want to take the paid foreign income tax as credit.

I'm using TurboTax Premier, when I go to "Deductions & Credits" -> "Estimates and Other Taxes Paid" -> "Foreign Tax Credit", I realize that I need to include the income a second time under "Other Gross Income" for that country, otherwise the tax credit will not apply. This is confusing because I have already entered this foreign earned income in the "Wages & Income" stage.

 

Please let me know if I'm doing this wrong.

2 Replies
pk
Level 12
Level 12

Foreign earned income tax credit

@hotpxl , you may still be able to exclude the foreign earned income -- depends on the exact situation -- was this  your last year of foreign work or was this the first year?  Are you still abroad?  Did you return ( if you have return  for one of the special reasons  or what ?  Which country?  Are you US citizen/Resident( Green Card ) ?

hotpxl
Level 1

Foreign earned income tax credit

I returned already, and not because of special circumstances, and don't fall into the COVID-19 exemption periods either. I read the instructions and am pretty sure it's not excludable

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