jaywave

@Tesco I was doing research in this. So yes she can qualify for the foreign tax credit, but the issue is that we can't take the child tax credit. Her foreign income is less than 8,000 us dollars. The issue with the hire a professional tax preparer is that I can't find anyone to do international tax in the midwest. Does anyone have experience with foreign real estate rental income?

@Tesco@JKLSemicolon I think my main concern is getting audited and realizing we did our taxes incorrectly, which could lead to spending even more to fix them. I finally figured out how to claim the Foreign Tax Credit in TurboTax after speaking with an "Expert." @Tesco, I’m guessing you’ve used the Foreign Tax Credit before? I was reading on Reddit that some people got audited after claiming it, which makes me hesitant. Since we’re only getting about $200 more with the credit, I’m not sure if it’s worth the risk. I’d rather just take the loss and play it safe. Any opinions?

Do you know any example in the Forum about someone having an issue entering back in the country after 6+ months, but less than a year? I'm saving no bucks at all. I just want to file my taxes correctly. I don't want to have any issues with the IRS. My wife was in her home country for all of 2023. @TescoI'm planning to just file a 1116 because she was already taxed in her home country. Has anyone have experience filing a 1116?

Sorry for the late response. She was in the US from April 1 to May 1, 2024. And then she was in the US from July 28 to October 4, 2024. Can she still file for the physical presence test?

She doesn't have a reentry permit, but she has been outside the US for over 6 months, but less than 1 year. She has a drivers license in the state we live in, bank, etc. From what I read in the cbp website, as long as my spouse is not gone for more than 1 year, she will be fine. But I'm not sure if my spouse will meet this requirement. Because she will have to start from May 2, 2024 to May 2, 2025. The issue with the meeting the physical presence test is that she was in the US from July to October, 2024 (68 days). Is it even possible she can meet the physical presence test?

Me (US citizen) Spouse (Permanent Resident) My wife and I are planning to file jointly (MFJ), but I’m worried about doing our taxes correctly. In 2024, my wife was in the U.S. from April to May (1 month) and again from July to October. She then returned to Korea, where she worked from November to December and paid taxes on her income there. Also, she didn't work in the US and made zero income in the US. As for me, I'm currently living and working in the US. From my research, she does not qualify for Form 2555 (Foreign Earned Income Exclusion) because she spent about 3–4 months in the U.S., which does not meet the physical presence test. However, I read that she might be able to file Form 1116 (Foreign Tax Credit) to claim a credit for the taxes she paid in Korea. My question is: Should she file Form 1116? I’m trying to use TurboTax, but the process is confusing. If anyone has any better suggestions, please reply. Thank you.