If you are a US citizen or resident who lived and earned
wages overseas, enter them as foreign income. 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 foreign earned income / exclusion in TurboTax Plus online program:
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 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.
