Let's make sure it was entered correctly. The exclusion amount should show on line 8 of Schedule 1 and Form 1040. Please double-check. Do you have other type of income besides the foreign income? If you do, after applying the exclusion, It is possible you might still owe if you did not have enough tax withholding and credits to cover you other type of income. To file Form 2555 Foreign Income Exclusion, here are the steps:
In TurboTax online,
- After sign into your account, select Pick up where you left off
- At the right upper corner, in the search box, type in foreign income and Enter
- Select Jump to foreign income
- Follow prompts
After you enter the information, if you qualify for a foreign earned income exclusion, the program will prompt you to continue to the Foreign Income Exclusion section. It will generate a Form 2555. To qualify, you have to live outside the United States for at least 330 days during 12 consecutive months. For more information, please see Foreign income and exclusion and Extension.
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