Foreign Tax Credit Workout

Types of Income

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Case Study 1: General Category Income

Robert paid taxes to Spain and did not elect to claim the foreign earned income exclusion. He can claim a foreign tax credit for the taxes paid to Spain on his earnings from Spain.

Click here for an explanation.

Wages and salaries are considered to be general category income.

Form 1116 with checkmark in box for General category income.

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Workout Resources
Election To Claim Foreign Tax Credit Without Filing Form 1116
- Case Study 1: FTC Without Form 1116
- Skills Warm Up: FTC Without Form 1116
Qualifying Requirements
Economic Benefit
Types of Income
Out of Scope
- Out of Scope Situations for VITA/TCE
Skills Workout
- Certification Warm Up: Question 1 of 3
- Certification Warm Up: Drill & Practice
More Resources and Practice
- More Resources and Practice

Form 1116 Instructions
Pub 514, Foreign Tax Credit for Individuals