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- FTC dual US/Canadian citizens form 1116
FTC dual US/Canadian citizens form 1116
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AliceL
Level 1
03-27-2022
09:37 AM
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Clients have wages, pensions, SS from both US and Canada. I did the 1116 Supplementary Stmt but can't find a way for those entries to flow to form 1116. I can make the foreign income entries on 1116 but the total income seems to a field that would be calculated by ProSeries. Any help is greatly appreciated.
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rcherenson
Level 4
03-27-2022
11:57 AM
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If they are taxed in Canada, you may need to file a form 2555 to record the foreign earned income. The 1116 only comes into play if the income is over $108,700 and they paid foreign tax on this income, so there won't be double taxation. You link the 1116 from the 2555.
