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February 23, 2021
Question

Federal review is asking me to check Form 2555: Foreign earned income based on filing from 2 years ago. I dont have foreign earned income for 2020. How do I fix this?

  • February 23, 2021
  • 1 reply
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1 reply

February 23, 2021

I will suggest you to remove the form from the program.  Here are the steps:

 

In TurboTax online,

  • Sign into your account, select Pick up where you left off
  • Select Tax Tools, click on the drop down arrow
  • Select Tools
  • Under Other helpful links, choose Delete a form
  • Select Delete next to Form 2555 and Continue with My Return

 

You would use Form 2555 to calculate the excludable portion of your foreign income that you made and the housing exclusion deduction while working on foreign soil.  For 2020, the maximum exclusion amount has increased to $107,600.  Due to the global health emergency caused by COVID-19, the IRS has provided relief related to the time requirement necessary to meet either the bona fide residence test or physical presence test.  To  learn more, click here: https://www.irs.gov/instructions/i2555