Hello,
I prepare my tax return 2021 with TurboTax, I meet some confused problems.
I am tax residence of USA, but I always work and live abroad in whole 2021 year, I receive some options related abroad work.
My only income came from exercised options income (non-statutory stock option) during 2021, it means all of W2 amount are exercised options value.
I import W2 into TurboTax, these options FMV value display on the W2 box 1 & box 12 with code V.
I also claim Form 2555, the TurboTax calculate and exclusion ~$100,000 depends on exact days outside of U.S.
My confused is, does these income eligible to exclusion with Form 2555?
Because I found some answer that options income will report on Schedule D (TurboTax community link ), sounds Form 2555 does not work with Schedule D income.
Moreover, I exercised options and sold them couples week late, it made capital loss totally ~30% of W2 amount in final, does it also deductible from W2 exercised options income?
Thanks.
