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.

Form 2555 FEIE and Housing exclusion

Hallo all again,

My foreign employer is separating pay and housing allowance in my payslip, I am a bonafide resident of a foreign country as I live there (here) year round.

The question is, what do I enter on line 19 of form 2555, just the pay or the combined amount of allowance and pay?

I know that the allowance itself goes on line 34 in Part VI.

Depending on which amount to be entered on line 19 (27) there is a huge difference on the final taxable amount in Form 1040.

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.

3 Replies
DaveF1006
Employee Tax Expert

Form 2555 FEIE and Housing exclusion

On line 19, enter the pay received, not the housing allowance. For the housing allowance, enter on line 34 in Part V1.

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

Form 2555 FEIE and Housing exclusion

Thank you @DaveF1006 

Yes pay, but which pay.

Let's say that my total pay is 215,000 $ and out of that 70,000 is my allowance to line 34, what goes on line 19 (and 27), 145,000 or 215,000?

 

Thank you.

DaveF1006
Employee Tax Expert

Form 2555 FEIE and Housing exclusion

Line 19 and 27 would be reported as $215,000.  

 

@robertone139 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question