You'll need to sign in or create an account to connect with an expert.
Yes, TurboTax will prepare U.S. or state returns for its expats.
The following posts have some overlap but together they cover how to report foreign income, exclude foreign income from U.S. tax and how to get credit for foreign taxes you paid.
Here is how to report foreign income:
https://ttlc.intuit.com/replies/3290703
How to exclude some of your foreign income from U.S. and state tax:
https://ttlc.intuit.com/replies/3301984
How to get credit for foreign taxes you paid:
https://ttlc.intuit.com/replies/3302405
Yes, TurboTax will prepare U.S. or state returns for its expats.
The following posts have some overlap but together they cover how to report foreign income, exclude foreign income from U.S. tax and how to get credit for foreign taxes you paid.
Here is how to report foreign income:
https://ttlc.intuit.com/replies/3290703
How to exclude some of your foreign income from U.S. and state tax:
https://ttlc.intuit.com/replies/3301984
How to get credit for foreign taxes you paid:
https://ttlc.intuit.com/replies/3302405
Have a friend in similar situation.
1. US Citizen, retired, moved to Germany since a few years ago. Staying year round.
2. All income from US bank CDs, Ponzi scheme loss recoveries (Ponzi scheme was a US company), no wage income in Germany.
3. German tax law requires all her income is taxed in Germany regardless where it is earned.
To avoid double taxation in Germany and US.
- Should they designate all income in #2 as foreign income even though they are from US entity?
- File US tax return and claim foreign tax credit deduction to eliminate US tax liability?
@madmanc20 They could report their income as Foreign Earned Income, and take the Foreign Earned Income Exclusion and the Foreign Tax Credit.
Or, report the income as US income, and claim the credit only.
Click this link for more info on Foreign Income and Tax Credit.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
tcadad
New Member
mal03281
New Member
athenajones84
New Member
bpa59
New Member
furandfins-outlo
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.