QA2020
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I have the same question. The foreign interest should be treated as foreign income in Form 1116 when computing the foreign tax credit. Right now turbotax treate...
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@SusanY1If reporting directly in 1099-INT, the foreign interest is treated as US income and it will change the amount of available foreign tax credit. Is there ...
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Thanks.I still fill the "Foreign Earned Income and Exclusion" with foreign income but choose "No" for FEIE. And in Foreign Tax Credit part, I fill the number of...
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I have the same problem. If I choose "No, I know I don't qualify to exclude my foreign income". I cannot use foreign tax credit. Could you help with more detail...
Activity Feed for QA2020
- Posted Re: I have the same question about how to let the system know... on Deductions & credits. July 15, 2020 10:58 AM
- Posted Re: Foreign Tax Credit instead of Foreign Earned Income Exclusion on Deductions & credits. July 14, 2020 7:44 PM
- Posted Re: Foreign Tax Credit instead of Foreign Earned Income Exclusion on Deductions & credits. July 14, 2020 4:31 PM
- Posted Re: Foreign Tax Credit instead of Foreign Earned Income Exclusion on Deductions & credits. July 14, 2020 12:19 PM