How do I generate Form 2555 from Business Income (Schedule C)?
Solution
Follow these steps to generate the Foreign Income Exclusion on a From 2555 for Schedule C:
- Go to Screen 31.1, Foreign Income Exclusion (2555).
- Enter the name of business and business address under the Employer subsection.
- Enter the appropriate information in the section Travel Information or the Bona Fide Residence Test section.
- Go to Screen 16, Business Income (Sch C).
- Scroll down to the Foreign Income Information section.
- Select the Business from Form 2555 Name & Number (Ctrl+T) drop-down menu.
