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| On Jan 27, 7:29 am, joe.son...[at]gmail.com wrote: - quote - > I am filling out my 1040 and am a self employed US citizen living
Is Line 21 (Other Income) positive 87600 or negative 87600? It should> abroad. In filling out the 2555 form, and claiming my $87,600 income > exclusion, I find myself with a much higher adjusted gross income than > it would be otherwise. How does this work? I am sure I am missing > something. Any ideas? be negative. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| I am filling out my 1040 and am a self employed US citizen living abroad. In filling out the 2555 form, and claiming my $87,600 income exclusion, I find myself with a much higher adjusted gross income than it would be otherwise. How does this work? I am sure I am missing something. Any ideas? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| earned, exclusion, foreign, income, stuck |
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