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Level 1
posted Feb 19, 2020 1:08:22 AM

TurboTax Basic Foreign Earned Income exclusion

Hi, Can I use TurboTax Basic when I have Foreign Earned Income exclusion and must file form 2555? I am not sure which version of TurboTax to get. I have no house for rent but a foreign bank account to report. Thank you.

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1 Replies
Level 15
Feb 19, 2020 10:26:27 AM

@MatildaV , my personal pref. for  the complex returns  is  TurboTax Home & Business  downloaded/ CD version -- for three reasons  -- (a) i this version covers  all possible return scenarios and  is perfect for the complexity of your return  and (b) being on my computer, I can see the actual return in the forms mode ( as TurboTax fills out the forms and worksheets ;  (c) everything stays  on my computer , only the e-file is transmitted to the tax authorities.  Future  work  ( such as amended returns   and next years prep , what -if scenarios etc.  ) gets easy.

 

that is my take on this