GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

Yes.  You will probably file Form 1116 along with Form 1040-NR.  However, TurboTax does not support IRS Form 1040-NR (U.S. Nonresident Alien Income Tax Return).  TurboTax has partnered with Sprintax to offer both federal and state tax preparation for international students, scholars, and nonresident foreign professionals.  Please visit the TurboTax/Sprintax site for more info.

 

Just an fyi, in most cases taking a foreign tax credit on Form 1116 gives you a lower tax bill than if you deduct any foreign taxes paid as itemized deductions. Here's why: when you itemize deductions on Schedule A, each dollar of deduction reduces your taxable income. When you take a foreign tax credit, each dollar of tax paid reduces your income tax.  Thus, when you are preparing your Form 1040-NR, you might want to consider whether the foreign tax credit is the better option versus including your foreign taxes as itemized deductions.  

 

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