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Deductions & credits
hi, thx for coming into the discussion.
Yes, I did.
so here is how I found this:
1) I entered most of the return info. IE w2 income, dividends etc...
2) I saved all return forms in pdf.
3) I added foreign income
4) I excluded foreign income under 2555 as wife eligible
5) I saved all return info again and compared side by side.
Here is the outcome I see analyzing the first pages of the form 1040
1) I clearly see that foreign income is present in the second pdf, as it's a special mark on line 1 as FEC and value I entered as foreign income;
2) AGI is the same on both pdf's;
3) Foreign income excluded in the second pdf. I see it as a value like that (value). The same as I have for foreign income
4) Here is a surprise, tax bills are different on line 16. And it's bigger in the pdf where I see all info related to foreign income.
No other changes I did except entering foreign income and excluding it
I see a difference in 12% in tax bills between these 2 pdf's
I see some page in return named "Foreign Earned Income Tax Worksheet - Line 16"
And there I see computation with FEC amount. Calculated tax there - 10%. But tax bill diff - 12%.
It's the second magic thing related to foreign income and exclusion.