Tag: 'foreign income'
-
From TurboTax
Do I need to report foreign income?
-
From TurboTax
Sch K-1 Foreign Income: Additional country not populating on Line 16
-
From the community
WHAT DOES ADJUSTED BASIS FOR ASSET MEAN ? HOW TO FILL THIS BOX?
When I report my rental and bank accounts interests paid tax Canada , TurboTax has " Adjusted basis for...
-
From the community
Mom overseas sent me gift $$$ through her company. Do I have to declare this as income?
Mom sent me $5,000 through her company overseas. For some reason, she declared this as an expense to the...
-
From the community
Do I need to file Form 8938 if I meet the financial criteria but was a part-year U.S. resident? e.g. lived abroad for >330 days into last year, only in U.S. for 6 months.
The software says no. Is FBAR still necessary or subject to foreign presence test too?
-
From the community
If I live permanently in New York but worked abroad for a foreign company for ten weeks, where do I report that income? Can I deduct out-of-town expenses from this job?
The majority of the year, I live and work in New York. But I worked a contract in Hong Kong for a Hong...
-
From the community
Turbo Tax "1099-Div Worksheet" asks for the "Foreign source amount included in Dividends" (Box 6d). Do I enter the total amount from the particular foreign security here?
The dividends reported include one foreign security and several domestic securities. These totals are shown...
-
From the community
Is there a procedure in Turbo Tax desktop to add another copy of form 1116 (foreign tax credit) to an existing return?
Initial pass through return applied foreign income (reported on Schedule E) as a deduction. I would prefer...
-
From the community
Does Foreign Earned Exclusion Income still apply to those who are not currently paying taxes in the foreign country they are residing in?
If one lives outside the US for more than 330 days, works as a freelancer (i.e., web designer), and does...
-
From the community
Foreign Income Exclusion
I'm a US Citizen and married my wife who's a UK citizen in 2017. I'm choosing to file Married Filing...