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irenetlam
New Member

2555 foreign income

I live outside of US and has been filing 2555 for the past few years.  Strangely I am not able to add it to my filing this year. pls advice.
1 Reply
SeanE1
New Member

2555 foreign income

The amount is actually $101,300 for 2016.  To include your foreign income and taxes paid follow these steps:

How to Enter Foreign Income

• Open your tax return in Turbotax

• Go to Federal Taxes

• Select Wages & Income

• Click I'll choose what I work on

• Scroll down the page to the last section Less Common Income and select Show More

• Select Start to the right of Foreign Earned Income and Exclusion

• Go through this section and enter the income that you earned abroad.

Please note: if you received a W-2, it should be flagged as foreign income in the follow-up questions of the W-2 entry.  You need to check the box indicating that you worked outside the U.S.  


How to Enter Foreign Taxes:

• Open your tax return in Turbotax

• Select the Federal Taxes tab at the top of your screen

• Select Deductions and Credits

• Click I'll choose what I work on

• Scroll down the page to the section titled Estimates and Other Taxes Paid and click Show More

• Scroll down to Foreign Taxes and click Start/Revisit to the right

• Go through this section and enter the foreign taxes that you paid.

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