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Level 3
January 29, 2021
Question

Form 2555 not calculating correctly

  • January 29, 2021
  • 1 reply
  • 11 views

Has anyone else noticed that the Form 2555 is not calculating the foreign earned income exclusion and housing deduction correctly?  Has there been any guidance on when these issues will be resolved?

Thanks!

 

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1 reply

itonewbie
Level 15
January 29, 2021

Can you be more specific about what on the F.2555 is not being calculated correctly?

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agernantAuthor
Level 3
January 29, 2021

Foreign earned income exclusion and housing deduction amounts are not updated for tax year 2020

itonewbie
Level 15
January 29, 2021

Someone already noted that recently.  Also, are you using ProSeries or ProConnect Tax Online?  Your last question was about F.5471 in PS.

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