What are Forms 2555 and 2555-EZ used for?
Form 2555 (Foreign Earned Income Exclusion) calculates the amount of foreign earned income and/or foreign housing you can exclude from taxation. Form 2555-EZ is a simplified version of this form.
Here's how to add – or remove – a Form 2555 or 2555-EZ from your return:
- Open your return.
(To do this, sign into TurboTax and select the blue Take me to my return button.)
- Do a search for foreign income, and then select the "Jump to" link in the search results.
- Continue through the foreign income section, answering questions as you go, until you reach the screen Do you want to try and exclude your foreign earned income? (if single), or Whose Foreign Income Would You Like to Try and Exclude? (if married).
- Answer Yes (to add a 2555 or 2555-EZ – we'll figure out which one you need) or No (to remove it), select Continue, and follow any on-screen instructions.
Tip: The -T or -S suffix after the 2555 stands for taxpayer or spouse, respectively.