Hi, I would like to apply to exempt the overseas income from my tax given that by the beginning of May I will be overseas for 330+ already. Can I use TurboTax Premier?

[pk · Accepted solution]

In such cases, what you need to do  is (a) request for an extension ( even though you may not need it because being out of the country on April 15th you have till June 15th to file ); (b) prepare  your return  as follows  --on the personal income area , select "I will work on my own", go down the list of income categories till near the end  under "other special.." select  foreign earned income" --- work through this. -- do not enter your foreign income under W-2 / wages.   This will create form 2555 where  it will ask you about the days absent from the USA during a 12 month test period -- you need 330 days away from the USA in a continuous  12 month test period.   If you test period  spans across  calendar years then  your exclusion will be prorated for the tax year.

Please provide the date when you left the USA, where to  etc, your immigration status ( US citizen/ resident /??) which country etc. for a more specific reply

[erinlin801]

Thank you for replying.This is very helpful!

Can you kindly help provide further information on how we can do the tax on TirboTax Premier if during the year my spouse and I both have income in the US and income overseas? Also, when you mention we can file tax in June, does it automatically take effect without us applying for anything? Following please find the details. Thank you so much for your kind help!

(1) Immigration status: I am a permanent resident. My spouse is a citizen.

(2) Overseas dates: We are in other countries for full day from 05/02/2018 to 12/18/2018, and then again from 01/04/2019 to tax filing date 4/15/2018 and will continue be overseas in the rest of April, May and June.

(3) Domestic income: From 01/01/2018 to 05/14/2018, we both have income in the US. I have regular W-2, and my spouse is self employed. We do not have income from overseas during this time. Throughout the year, we do have some interest income and capital gain, but they are very small.

(4) Overseas Income: From 5/15/2018 to 12/31/2018, we both have overseas income. We do not have overseas capital gain.