sjrcpa
Level 15
05-26-2021
10:31 AM
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Is UK pension income earned income for the foreign earned income exclusion?
Use Form 1116 to claim a foreign tax credit on income that was taxed by both the UK and US.
The UK pension gets reported as pension income. There are fields to indicate it is from a foreign payor.
EDIT: There are fields in Lacerte to indicate it is from a foreign payor. Not sure about ProSeries.
The more I know the more I don’t know.