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DaveF1006
Expert Alumni

I cannot find license code anywhere. I paid $10.84 for TURBOTAX DESKTOP INSTALL ONLY CD TAX YEAR 2024 INDIVIDUAL. I downloaded Turbox Tax 2024 on PC but I cannot enter.

It depends. Go the section again to see if the exclusion was applied. Make sure you met the Physical Presence Test or Bonafide Presence Test. Also, the Foreign Income Exclusion is capped at $126,500 or $253,000 if Married Filing Joint and both spouses exclude their foreign income. Any income amounts over these limits are taxable income, but you may claim a foreign tax credit for the excess income that is over the limit(s).

 

If you weren't able to exclude your income, you may claim a Foreign Tax Credit that will reduce the US Tax Liability on the foreign income. ‌You can claim this by going to:

 

  1. Log into Turbo Tax
  2. Go to Deductions and Credits 
  3. Estimates and other Taxes paid
  4. Foreign taxes
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I cannot find license code anywhere. I paid $10.84 for TURBOTAX DESKTOP INSTALL ONLY CD TAX YEAR 2024 INDIVIDUAL. I downloaded Turbox Tax 2024 on PC but I cannot enter.

Thank you, thank you, and thank you!!!

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