turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

BOD
Returning Member

Foreign Tax Credit Carry Forward and AMT

If I earned 100% of my salary from a foreign corporation as an employee and I'm filing as head of household,  how much is the AMT assuming I make $1,000,000 for year 2018?   Further,  if I paid $350,000 as foreign taxes and I was allowed 153,000 as foreign earned income excluded,  how much is the foreign tax credit carry forward or would I be able to take the whole amount of foreign taxes of 350,000 as tax credit for US taxes to be paid for 2018?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Foreign Tax Credit Carry Forward and AMT

suggest seeking a tax consultant with expertise in overseas income (I assume you were working overseas, but you never stated that specifically) ; getting expertise from an anonymous board at that income level is asking for trouble 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question