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Entering foreign wages not excluded from income in ProConnect Tax
by Intuit• Updated 5 months ago
To report foreign wages not excluded from income:
- Go to the Input Return tab.
- On the left navigation menu, select Income ⮕ Wages, Salaries, Tips (W-2).
- Enter the Employer Information.
- Enter any Wages or other information reported.
- Scroll down to the Electronic Filing (W-2) section.
- Locate the Foreign Employer Compensation subsection.
- Check the box Compensation not reported on W-2.
- Either check the box Employee performed services while residing in US or select the Country code if work not performed while residing in US from the drop-down menu.
- Enter the Foreign employer's tax identification number (if applicable).
Wages will show on Form 1040, and the program will transmit Form FEC (Foreign Employer Compensation) in the e-file to support the amounts reported.
To report the associated taxes paid with foreign wages (if applicable):
- Go to the Input Return tab.
- On the left navigation menu, select Credits ⮕ Foreign Tax Credit (1116).
- Locate the Income From Sources Outside U.S. section.
- Select the Name of foreign country.
- Select the Category of income.
- Scroll down to the Gross Income Within Country section.
- Locate the Other Foreign Source Income subsection.
- Enter the Description and Amount*.
- Click OK.
- Scroll down to the Foreign Taxes Paid or Accrued section.
- Locate the U.S. Dollars subsection.
- Enter the amount in Other foreign taxes.
Form 1116 will generate showing the calculation of the foreign tax credit. The calculated credit will flow Form 1040.
Note: Amounts entered as foreign source income here will only affect Form 1116. Income will not be duplicated on the 1040.
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