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Level 2
posted May 29, 2023 11:42:33 AM

How to remove foreign income?

I have entered foreign income and I can't find a way to remove it. When I click "Edit" on the foreign income it doesn't let me edit the income value, only asks to enter an "adjustment". I tried entering -100% in the adjustment and then it told me that form 2555 will be deleted (I answered "Yes" on the deletion confirmation page). However the foreign income didn't change, it's still the same amount. 

 

Is it possible to remove foreign income without completely deleting everything? I'd rather not have to redo all the other forms. 

 

I use TurboTax Premium (it's not in the list of products in the forums, so I had to choose "I don't know" even though I know)

 

I found this question but the solution doesn't work for me (There is no "Account" in the upper right) https://ttlc.intuit.com/community/business-taxes/discussion/how-do-i-remove-the-foreing-income-entry-in-my-form/00/687615

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1 Best answer
Level 15
May 29, 2023 11:48:18 AM

if you are using the TurboTax online web-based editions, to delete the Form 2555 -

Click on Tax Tools on the left side of the online program screen

Click on Tools 

Click on Delete a form

1 Replies
Level 15
May 29, 2023 11:48:18 AM

if you are using the TurboTax online web-based editions, to delete the Form 2555 -

Click on Tax Tools on the left side of the online program screen

Click on Tools 

Click on Delete a form