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Foreign income and self employment tax

My husband has been working in Hong Kong from 8/1/23 to now as a contractor. I understand his income is excluded from the foreign income, we filed Form 2555 for that income. But why self employment tax is not calculated for that income on Turbo Tax?

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1 Reply
JotikaT2
Employee Tax Expert

Foreign income and self employment tax

Self-employment income must be entered in the correct section of TurboTax first.  Only then will the self-employment tax be generated correctly.

 

To do this, log back into TurboTax.  Follow the steps in this link to enter your self-employment activity.

 

  1. Once you have done that, go back to the foreign earned income exclusion section under Wages & Income.  
  2. Select the section titled Less Common Income.  
  3. Proceed through the screens to ensure your self-employment income is still reported here. 
  4. Once you have done this, you should see the income exclusion but should also see the self-employment tax calculated.
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