Sourcing rules are contained largely in IRC 861- 863 and 865. The statutory rules cover interest, dividends, compensation for services, rents and royalties, gains from sales of property and social security benefits ... View more

Hi Tom... closing shop for the day.. will look for it. ... View more

No you would calculate foreign workdays on all your RSU income.  If 240 workdays during the year and 120 of the workdays were foreign you would calculate 120/240 * RSU income = foreign income from RSU.  If you were working overseas in 2017, then your base salary can be allocated by workdays as well (but only on 2017workdays) Bonus would usually be allocated using prior year workdays if some of it was earned overseas. ... View more

You would need to know the amount of RSU included in your W-2 wages.  After determining this amount, you will need to allocate the income by between foreign and US workdays between grant and vest.   If 50% of your workdays during this time were in a foreign country, then 50% of your RSU income would be foreign source.  US source income cannot be offset by foreign tax credits. You would enter you W-2 as you normally would in TurboTax.  Then you would go to Miscellaneous income to enter the amount of foreign source RSU income as a negative number on line 21, page 1 of your 1040. Please follow the instructions below to report your foreign RSU income as a negative on line 21: Click Federal Taxes -> Wages & Income and scroll down to Less Common Income Go to the last selection, Miscellaneous Income and click Start Go to the last option, Other reportable income and click Start When it asks, "Any other reportable income?" say yes and then type in a description and the amount to report it on your tax return (make sure this is a negative number) The you need to go to the foreign tax credit section of TurboTax to enter the foreign income (amount that you entered as a negative on line 21) so that you may take credit for the foreign taxes you already paid. To include the amount of foreign taxes you paid, follow these steps for TTPremier:   Open up your tax return in TurboTax Select Federal Taxes Select Deductions and Credits Scroll down to the section "Estimates and Other Taxes Paid" Select Foreign Taxes Follow through this section to enter the foreign  taxes paid       ... View more

This year they are asking what part of the W-2 is foreign so you do not need to subtract it one place and reenter it another place.  RSU would be general limitation income. ... View more

If this situation applies to you.  Enter your W-2 information and then go to Foreign Earned Income Exclusion and indicate that you received foreign income on a W-2.  TurboTax will ask you how much of your W-2 was foreign.  Indicate the foreign amount and continue.  You do not want to claim the foreign earned income exclusion, only foreign tax credit. ... View more