2568813
Hi,
I did some back and forth with F2555 (foreign income exclusion) and F1116 (foreign tax credit) on the desktop app, and landed in a state where the smart check is asking me to fix 2555 errors.
Now, following advices posted as replies to my other queries, I just entered the foreign earned income and elected "Neither of us" when asked whose foreign income should be excluded. On selecting this option, the online version takes you to a dialogue where you are asked whether you'd want to go ahead with deleting the F2555 form so created behind the scenes. However, that ,confusingly, doesn't happen on the desktop app. It silently returns to the Deductions & Credits section (This inconsistency between desktop app and the portal is so frustrating 😓 by the way). So, as a workaround I just deleted the form 2555 from the tools section (thank goodness, the desktop app at least allows this). But not so fast. The stupid smart check thingy flags a discrepancy with the F2555, even though the latter is erased from the face of the earth.
QUESTION : Should I just ignore the smart check suggestion and go ahead with filing?
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You will likely not be able to e-file your tax return with the error message. Also, your accuracy guarantee will be void if you file the return with an error in it. If you are not concerned about that and don't want or are not able to exclude any of your foreign income from tax, then you can file the return without form 2555, Foreign Income.
1) the accuracy guarantee is meaningless.
2) some flags are warnings, not errors.
How do you know it is a warning? TurboTax lets you continue on toward the SUBMIT button.
Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend if a TurboTax update changes your return or for any other reason,
AND, to find your AGI next year.
Are you sure about the inability to e-file part?
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