As of today, the IRS expects to approve the form 2555 on TurboTax e-file as 02/18/2021. The forms are available if you are going to download from the IRS. However, e-filing is different. Once the form is finalized by the IRS, it has to be coded into the special language the software uses and has to be thoroughly tested for calculations and e-filing acceptability. IRS then has to approve it for e-file. It always takes a little longer for a form to become available for e-file in a software program. I hope this helps you understand the situation.
You would use Form 2555 to calculate the excludable portion of your foreign income that you made and the housing exclusion deduction while working on foreign soil. For 2020, the maximum exclusion amount has increased to $107,600. Due to the global health emergency caused by COVID-19, the IRS has provided relief related to the time requirement necessary to meet either the bona fide residence test or physical presence test. To learn more, click here: https://www.irs.gov/instructions/i2555
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