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New Member
posted Jun 8, 2023 6:03:51 PM

What turbotax tax software I need to buy?

I have $200 000 foreign earned income. Can you first get the Exclusion of $112 000 and then get the foreign tax credit from the rest of the foreign earned income which is $88 000?  What turbotax tax software includes form 2555 and form 1116?

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1 Replies
Level 15
Jun 9, 2023 7:12:16 AM

See this TurboTax website for expat information on the foreign earned income exclusion and the foreign tax credit - https://turbotax.intuit.com/tax-tips/general/taxes-for-expats/L26keX1RV

 

Any of the TurboTax desktop editions can be used as they all support Forms 2555 and 1116 - https://turbotax.intuit.com/personal-taxes/cd-download/

 

If using the TurboTax online editions you would need the Deluxe edition or higher.