Foreign income exemtion error

Forum|Forum|1 year ago
February 15, 2025
1 reply
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When I tried to enter the 15% foreign tax income exemption and error message came up saying that the exemption cannot exceed the foreign income. This is an obvious error that needs to be fixed

TurboTax Basic Windows

pk12_2

Employee

@marky19628434 , please tell more of the scenario -- details such as country, type of income and obviously the article of the treaty you are asserting. Also what is your own immigration / tax status i.e. are you a US person ? Where is your tax home ?

Assuming that you are probably talking about treaty based limitation of tax rate for some specific types/categories of passive incomes ( like interest, dividend etc. ), then it would be nice to know the gross foreign income for that category -- the limitation is usually complied by a mechanism of adjusting the gross amount to be taxed by the US.

Please answer my questions . Will circle back once I hear from you .