I am a self-employed US citizen living permanently in Canada. Is there a version of Turbotax that works for both the Foreign Tax Credit and Self-employment tax?


I am trying to figure out if there is a Turbotax option for my particular situation.  I am a US citizen living in Canada as a permanent resident.  My only income is from a variety of freelance sources (from things such as illustration, graphic design, and workshop facilitation).  I have already filed and paid my Canadian taxes, and am looking to file my US taxes (my income was less than 8,000 US this year, so I don't think filing is strictly necessary, but I assume it's still a good idea).  

Basically, I want to be able to fill out both Schedule SE (self employment tax) and Form 116 (foreign tax credit), and whatever other forms I need.  Does TurboTax self-employed do this?  If not, is there another option?

And one secondary question:  This isn't relevant for this year since, as stated above, I have already completed my Canadian taxes, but I would like to know for future if there is any sort of benefit to filing both US and Canadian taxes through Turbotax? As it is, I'm using a different service for my Canadian taxes, but would certainly switch to Turbotax if there is a good reason to?

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community