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How to file 1040 form to claim the exclusion for paying tax on overseas income (less than 100K)? Where is it in the software? https://turbotax.intuit.com/tax-tips/general
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June 4, 2019
3:13 PM
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Deductions & credits
Using the TurboTax online editions you would need the Deluxe edition or higher to report the Foreign Earned Income and Exclusion on IRS Form 2555 - https://turbotax.intuit.com/personal-taxes/online/
See this TurboTax support FAQ for Form 2555 - https://ttlc.intuit.com/questions/1901203-what-are-forms-2555-and-2555-ez-used-for
To purchase products from the TurboTax website you will need a US credit card with a US billing address.
To enter Foreign Earned Income -
- Click on Federal Taxes (Personal using Home and Business)
- Click on Wages and Income (Personal Income using Home and Business)
- Click on I'll choose what I work on (if shown)
- Scroll down to Less Common Income
- On Foreign Earned Income and Exclusion, click on the start or update button
Or enter foreign income in the Search/Find box located in the upper right of the program screen. Click on Jump to foreign income
June 4, 2019
3:13 PM
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Would it apply if I received stipend for housing and other costs? It is not earned, but its taxable
June 4, 2019
3:13 PM
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Yes the housing cost and/or stipend would be included with the foreign earned income calculations.
June 4, 2019
3:13 PM