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Should I claim foreign income and taxes under "Foreign Income" and also enter the same amounts under "Foreign Tax Credit"? Or do I just enter this info in one place?
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January 13, 2020
5:13 PM
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Investors and rental owners
You do not enter your foreign income twice. Please follow directives given below from TurboTax to assist you in entering your "Foreign sourced income". Depending on the type of income you are reporting will determine where you need to enter your amounts.
- How do I report foreign income, foreign pension and other foreign amounts?https://turbotax.community.intuit.ca/community/other-income/help/how-do-i-report-foreign-income-fore...
- The Federal Foreign Tax Credit - https://turbotax.intuit.ca/tips/the-federal-foreign-tax-credit-6231
January 16, 2020
10:31 AM