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m3j5-2009
New Member

How do I file an 1116 for my last w2 received from my federal job before moving from Puerto Rico to Florida?

I retired in Dec 2019 and received my last payment in Jan 2020.  My federal job was in Puerto Rico and we have to report that as foreign income and claim foreign tax credit for what was paid.
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3 Replies

How do I file an 1116 for my last w2 received from my federal job before moving from Puerto Rico to Florida?

Here's how to get to Form 1116 for 2020:

  1. Make sure you've entered all your Puerto Rico income.
  2. From within your return, search for foreign tax credit and select the Jump to link in the search results.
  3. Answer Yes to Did you pay foreign taxes in 2020 or have credits to use from a prior year?
  4. Follow the instructions to get the credit or deduction.

There's a deduction available as well as well as a credit but in most cases, taking the credit works out better. We'll help you decide which one's best for you when you go through this section.

 

If you choose to take the credit (most people do), we'll attach Form 1116Foreign Tax Credit if your situation requires it.

 

Here is some information about the Foreign Tax Credit.

m3j5-2009
New Member

How do I file an 1116 for my last w2 received from my federal job before moving from Puerto Rico to Florida?

Hi Renne,

Thank you.  I'll get to right away.    Yes, I entered the one w2 I received; which is the only income I had before moving to Florida.

How do I file an 1116 for my last w2 received from my federal job before moving from Puerto Rico to Florida?

You are welcome, @m3j5-2009.  Let us know if you have any more questions.

 

 

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