TurboTaxHeba
Intuit Alumni

Filing

Once you reported your foreign income, your non-refundable tax credits have been prorated by this equation: 

You divide your net income by your world income, and in your case, the calculation results in less than 90%. So you will claim 15% of your non-refundable tax credits > and will end up owing taxes.

You will have to report your world income > so you have to report this $5500. 

 

I hope this was helpful