So are you saying if I qualify for foreign income exclusion I will only use form 2555 but not schedule C? See IRS publication 54, page 25 of the pdf file, example 2. There it shows that you can use both schedule C and form 2555. Why would schedule C not be ok if we qualified for exclusion anyway?
But if it is as you say so, how am I showing all my expenses etc.. as in schedule C? Or you are saying, if I qualify for foreign income exclusion, whatever I do with my self employment income, expenses etc... in the foreign country, I calculate separately here, outside US tax forms, and just enter my net income result in the form 2555 so I will not be showing anything in detail as if I was in the US?
And what about self employment taxes? I will owe it anyway. I use schedule SE for that anyway? I thought schedule C and SE were somehow connected, or I am wrong?
