Optimize foreign earned income exclusions and deductions for expatriates

Use the Optimize feature in Organizer to select an optimization method, configure §911 exclusion and foreign tax credit carryover options, and view the results.
The system minimizes tax liability after credits for expatriates by either allowing or disallowing the §911 foreign earned income exclusion and the §911 foreign housing cost exclusion or deduction.
  1. In
    Organizer
    , select
    Optimize
    at the top of the screen.
  2. Select
    Options
    , then
    Foreign Optimization
    or select
    Income
    , then
    Foreign Earned Income
    .
  3. Select the employer name, then
    Exclusions
    and/or
    Deductions
    .
  4. In
    Organizer
    , select
    Optimize
    at the top of the screen.
  5. Select the following:
    1. An optimization method option.
    2. An option to force specific §911 exclusions.
    3. An option to optimize after deducting the foreign tax credit carryover.
  6. Select
    Optimize
    to begin the optimization process.
  7. View the optimization results by either selecting the hyperlink
    Optimization Results,
    or selecting
    Tax Forms
    Federal
    2555 - Foreign Earned Income
    .
  8. Select the foreign country name, and then
    Foreign Optimization.

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