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Foreign Income exclusion for Puerto Rico

Minvest
Level 3

Client is US citizen, lives in New York

Has W-2 income from a  NY company

Also had income of $80k from a Puerto Rican company and paid $18k in taxes.

How do I report this in Proseries Basic?

Thanks for your response!

 

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2 Comments 2
dkh
Level 15

Yes, income from Puerto Rico must be included on tax return.  As to where to report depends .... was it business income, property sale, etc

 

https://www.irs.gov/taxtopics/tc901      4th paragraph

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Minvest
Level 3

Thanks!