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June 4, 2019
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How to file 1040 form to claim the exclusion for paying tax on overseas income (less than 100K)? Where is it in the software?https://turbotax.intuit.com/tax-tips/general

  • June 4, 2019
  • 1 reply
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Best answer by DoninGA

Using the TurboTax online editions you would need the Deluxe edition or higher to report the Foreign Earned Income and Exclusion on IRS Form 2555 - https://turbotax.intuit.com/personal-taxes/online/

See this TurboTax support FAQ for Form 2555 - https://ttlc.intuit.com/questions/1901203-what-are-forms-2555-and-2555-ez-used-for

To purchase products from the TurboTax website you will need a US credit card with a US billing address.

To enter Foreign Earned Income -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Less Common Income
  • On Foreign Earned Income and Exclusion, click on the start or update button

Or enter foreign income in the Search/Find box located in the upper right of the program screen.  Click on Jump to foreign income

1 reply

DoninGA
DoninGAAnswer
Employee
June 4, 2019

Using the TurboTax online editions you would need the Deluxe edition or higher to report the Foreign Earned Income and Exclusion on IRS Form 2555 - https://turbotax.intuit.com/personal-taxes/online/

See this TurboTax support FAQ for Form 2555 - https://ttlc.intuit.com/questions/1901203-what-are-forms-2555-and-2555-ez-used-for

To purchase products from the TurboTax website you will need a US credit card with a US billing address.

To enter Foreign Earned Income -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Less Common Income
  • On Foreign Earned Income and Exclusion, click on the start or update button

Or enter foreign income in the Search/Find box located in the upper right of the program screen.  Click on Jump to foreign income

gee12Author
June 4, 2019
Would it apply if I received stipend for housing and other costs? It is not earned, but its taxable