turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

KellyDay
New Member

Self-Employed & Form 2555

Trying to understand Form 2555. 

Foreign self-employment income only. No other income.

So technically could qualify for FEIE and Housing Deduction?

If I pay rent for an apartment, where would I enter that on Form 2555?

If entered on Line 28 only, then Part IX doesn't calculate since Line 27 = Line 43. 

What am I doing wrong?

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ThomasM125
Employee Tax Expert

Self-Employed & Form 2555

You may qualify for the foreign earned income exclusion. You would enter the rent you pay for your apartment on Form 2555, line 28. Your housing allowance must exceed $20,800 in 2025 to be deductible per this IRS article on foreign housing exclusion or deduction , I believe that is likely why you are not getting your housing deduction in part IX of Form 2555.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question