Tag: 'foreign income'
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From TurboTax
Do I need to report foreign income?
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From TurboTax
Sch K-1 Foreign Income: Additional country not populating on Line 16
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From the community
Why Fed tax refund reduces even when TurboTax confirmed that I don't have to pay U.S. tax on foreign earned income which qualified for exclusion?
Background: My family and I moved from US to India for good in mid-May 2017. Since then we are living in...
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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...
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From the community
I'm selling shares in a foreign private company, and will get the proceeds as a regular wire transfer. Should I pay tax from that amount right away? How do I do that?
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From the community
I am anIndian citizen &a USresident alien. In2003,my father gifted a small apartmt to me in India. FMV = $15k. In2018, I sold aptmt for $150k. What r US tax implications?
(Note that in 2003 I was 18 yo and living in India when my father transferred this aptmt to me as a gift.)...
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From the community
For a nonresident alien spouse treated as a US resident for tax purposes, do all states recognize that?
My wife, a nonresident alien, and I, a US Citizen, are filing jointly. My wife already has her ITIN. We are...
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From the community
I am unable to pay the processing fee because I dont have any access to a US account. My return will be $0.
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From the community
I'm a resident alien.B4 coming to US I bought a house in Italy,rented it for the past 5Y.If I sell,do I pay cap gain taxes on a foreign property bought with foreign money
I am a resident alien in the US since 2015. While I was a student my parents bought for me a house in 2005...
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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?