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Level 2
March 1, 2026

Form 2555 Foreign Earned Income Exclusion-Exceptions for Active Professor Status?

  • March 1, 2026
  • 1 reply
  • 7 views

Form 2555 new client living in Portugal since 2022. The prior accountant was taking the full exemption from Form 2555 (2022, 2023 & 2024) even tho all of the income is social security & pensions (unearned income). 

 

The form is pretty explicit in not allowing the Form 2555 for unearned income. The client is an active Research Professor Emeritus for a University but does not receive a W-2 or 1099-NEC. He only receives a 1099-R. 

Are there any exceptions I can use to link his active professor status to Form 2555?

    1 reply

    BobKamman
    Level 15
    March 1, 2026

    No.  It's not called the "Foreign Mostly-Earned But Sometimes Not Exclusion."

    rklcorpAuthor
    Level 2
    March 1, 2026

    Haha. Yes