jtax
Level 10

Deductions & credits

@2382680 I don't see that.

 

In a test return with only $50k in foreign Schedule C income, the FEIE, I see no tax on the $50k. Well, almost. Since you want to pay FICA anyway, it is harmless that the FEIE is reduced by $3533 to $-46,467 because of the deduction for half of FICA paid. (1040 line 10 from Schedule 1, line 15/26). 

 

So there is no tax on the $50k. Just the FICA from Schedule SE. 

 

So I don't understand what you are seeing.  What is your Schedule 1, line 8d from 2555 line 45?

 

Here's some screenshots from my test return:

 

Schedule C:

Schedule CSchedule C

 

2555=p3

image.png

schedule SE

 

image.png

1040

 

 
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