Bill,
I am also self-employed (UN consultant) and qualify for the foreign earned income on all of my self-employment income for 2017. I understand I am still required to pay the 15.3% self employment tax. I can claim a student loan interest deduction (line 33), but how would this affect adjusted gross income (line 37) if total income is $0 (line 22 - which I assume is calculated by inputing my self-employment income on line 12 as a positive number and entering the same amount, as a negative number, on line 21)?
Should my adjusted gross income still be $0?
I've already filed my taxes but am very certain I mistakenly double-counted my self employment (it is included as a positive number on line 7 and line 12, and a negative number on line 21, so line 22 has the total amount of my self-employment income which is all included under the foreign earned income exclusion).
Sorry if that is confused, but essentially I think I paid the federal tax + self-employment tax when I should have only paid the self employment tax.
