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    aka710's Avatar
    aka710 Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 14, 2008, 06:16 PM
    Include foreign income?
    For 4 months of 2007 I lived in Korea... Ive gotten an extension for my 2007 taxes. My question is:

    Do I need to include my foreign earned income from Korea? I do know that I was not taxed in Korea and I believe there is a tax exemption treaty between the US and Korea...

    I need help and fast! THANK YOU! :)
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Oct 15, 2008, 12:23 AM

    On your U.S. return, you must report your worldwide income. You will claim credit for taxes paid in the foreign country by filing Form 1116. Read: Your U.S. Tax Return: U.S. Citizen or Resident with Foreign Income

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