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Do we file the 2555 along with our schedule C's? When I put our self-employed income in, then income into the foreign income slots, it doubles the income. What do I do?
We want to use our self-employment income in the Foreign Exclusion section but something isn't right - it doubles how much we owe.
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February 27, 2020
3:50 AM
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Deductions & credits
If you follow the below steps, your income will not be doubled.
After entering the self-employment income in TurboTax, go to the foreign earned income exclusion section, If you follow the below steps, your income will not be doubled.
- On the first screen it will ask you what form your foreign income was reported on, you need to check the box A Form 1099-MISC or other self-employment income
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On the next screen enter your Gross Profit from your business
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February 27, 2020
5:37 AM
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@KarenJ2Just tried that and it's still showing doubled income. Also, I was on the phone for 40 minutes and the lady was unable to fix it. Also, we can't find a way to delete all the Foreign Income.
February 27, 2020
6:07 AM
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Deductions & credits
If you are in the online TurboTax, on the left hand side of the screen"
- Click on Tools
- Click on Tax Tools
- Delete Wages & Income Worksheet
You can also try deleting the Form 2555.
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February 27, 2020
6:33 AM