Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Foreign Taxes
Foreign Taxes
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Bert0611
Level 3
05-30-2023
09:58 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Taxpayer and Spouse are US citizens living in Canada. Taxpayer has earned income which I am excluding using Form 2555. Spouse has 2 pensions. One is from Scotland and the other is from the UK. The UK pension is a social security equivalent.
The pension from Scotland is paid monthly and the taxes are withheld monthly. No tax return is filed in Scotland or the UK.
When completing the Form 1116 I have marked the Scottish pension as general Category Income.
Now this is where I am getting confused. Part III Line 12 is excluding the amount of tax paid. Since she is not excluding and income on Form 2555 is this a correct calculation since the taxpayer is excluding all of his earned income? Just need some clarification here.
Thanks
Roberta
Labels
