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I'm a self-employed expat. How do I avoid duplicating income, if I input income to calculate home office expenses and also for form 2555, foreign income exclusion?

I reported my self-employment income in the section on foreign earned income.   One is also required to include self-employment income in order to calculate and complete the self-employment expenses section/ particularly home office.  I'm concerned that the same income will be reported twice.
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1 Reply
LeonardS
Expert Alumni

I'm a self-employed expat. How do I avoid duplicating income, if I input income to calculate home office expenses and also for form 2555, foreign income exclusion?

No, your income is not being taxed twice.  

 

Once you have completed Schedule C and know your net income you will report that income on Form 2555 Line 20a.  If you qualify for the Foreign Earned Income Exclusion (FEIE) your self-employment will not be taxed.   Your income may be excluded from income tax but you will still have to pay any self-employment tax to exclude the income if you qualify.

 

To enter your income on Form 2555 follow these steps:

  1. Open you account 
  2. Type foreign income in the search box
  3. Click on Jump to foreign income in the results box
  4. Follow the screen prompts to enter your information
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