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Old 01-27-2009, 04:39 PM
removeps-groups@yahoo.com
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Default Re: stuck on foreign earned income exclusion

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
> 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?


Is Line 21 (Other Income) positive 87600 or negative 87600? It should
be negative.

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Old 01-27-2009, 02:29 PM
joe.sonia2@gmail.com
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Default stuck on foreign earned income exclusion

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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