DaveF1006
Expert Alumni

Retirement tax questions

Delete form 2555 since you can't claim a foreign-earned income exclusion because you don't meet the terms of the Physical Presence Test or the Bonafide Presence Test.

 

  1. Go to Tax tools in the left navigational pane of your return.
  2. Go to tools 
  3. Go to delete a form
  4. Scroll down the list of forms. Delete Form 2555-T

If you use the software, go to the Forms mode, find Form 2555-T in the list of forms, and then delete it. To report your foreign income, go to:

 

  1. Log into your account
  2. Select Wages and income or income
  3. Less Common income
  4. Miscellaneous Income, 1099-A, 1099>start
  5. Scroll to the bottom of the page to Other Reportable Income
  6. Other taxable income, answer yes
  7. Then give a brief description of the income and the amount listed.. Here list this as Foreign income from France and the amount of the income.

If you paid tax on this income in France, you may claim the Foreign Tax Credit.

 

  1. Go to Federal
  2. Deductions and credits 
  3. Estimate and other taxes paid 
  4. Foreign Tax Credit>start or revisit
  5.  As you go through the screens, when it asks "Tell Us About Your Foreign Taxes" select none of these apply.
  6. When it asks if you wish to take the deduction and credit, take the credit.
  7. Continue through until you reach a screen that says "No other income or expenses" Say no
  8. Continue through until it asks the income type, say General Category income
  9. Next add a country, pick France
  10. Now finish out the rest of the section.  Be sure to list the Gross amount of your income and the Foreign Tax you paid on the income in US Tax Dollars.
  11. When asks if you you wish to take the simplified methos of reporting, say yes.

 

 

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