Form 2555 deductions allocable to excluded income worksheet

The worksheet gives support for amounts reported on Form 2555 and Form 1116. The worksheet is designed to be submitted with the return.
The Form 2555 Deductions Allocable to Excluded Income Worksheet is designed to allocate deductions to excluded income. Deductions allocated to the foreign income earned during the assignment on the Form 2555 Foreign Earned Income Allocation Worksheet transfer to this worksheet. Also on this worksheet, the tax application allocates an amount to the excluded income using an exclusion ratio of foreign earned income and housing exclusion to total foreign earned income.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close