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New Member
posted Apr 3, 2024 11:03:50 AM

I'm in UK temp transfer from US. My W2 came in USD for the whole year although I was paid in GBP here because, the company is a subsidiary of the US. How do I report it?

I only lived in US Jan and Feb, but according to the W2 I've earned in USD the whole year, but I didn't, and its asking me to pay the IRS so much compared to my significant return last year living in US and earning more. I need to know how to report it correctly. Thanks

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3 Replies
Expert Alumni
Apr 3, 2024 4:27:43 PM

 

Your employer should have converted the amount you earned in UK currency to US dollars and reported that on your W-2 form. If you think the income reported on your W-2 form is incorrect, you would need to ask your employer for a corrected W-2 form. 

 

If you anticipate being away for 330 days over the course of a year, or consider yourself a bona fide resident of the UK, you can see if you qualify for an foreign earned income exclusion. You will see that in the Less Common Income section of TurboTax, and then Foreign Earned Income and Exclusion.

New Member
Apr 9, 2024 1:23:08 PM

Thanks for the message, yes I checked and the coversion is correct. However, having the earnings converted has increased my tax due, even if I qualify for the deduction. With the current W2 looks like I’ve earn the money and lived in US, but I didn’t. Maybe this is why the due is much more?

Expert Alumni
Apr 9, 2024 1:56:05 PM

If you qualify to exclude your foreign income up to 120K, your US tax burden should decrease significantly.

 

Are you double-reporting your income somehow?  Your excluded income will show on Schedule 1, Line 2d.

 

Did you add your unreimbursed housing costs?  Moving expenses?  The FEIE interview asks about these. 

 

Here's more details on the Foreign Earned Income Exclusion. 

 

@marulli-marco