Does TurboTax support foreign income and foreign tax credits?

Yes, TurboTax supports reporting foreign income and claiming foreign tax credits. TurboTax has specific features designed to handle these situations. In order to report foreign income, you need to use the Deluxe version or higher, which provides guidance on how to accurately report your foreign income from sources such as employment, investments, or rental properties. TurboTax also helps you determine if you qualify for any foreign tax credits or deductions by asking you relevant questions and ensuring you receive the maximum benefits. With its intuitive interface and user-friendly guidance, TurboTax streamlines the process of reporting foreign income and claiming foreign tax credits, making it easier for individuals who earn income abroad to accurately file their taxes.