Form 1040NR with Forms 2555 and 1116

10 replies
51 views

Can PTO prepare Form 1040NR together with Forms 2555 and 1116?

I am preparing these 3 forms together but something in the 1040NR screen is keeping it from taking the exclusion and FTC. Any suggestion?

Thanks for your time and attention.

ProConnect Tax Online

This topic has been closed for replies.

itonewbieAnswer

Level 15

@itonewbie @sjrcpa Thanks for your valuable comments.

The wages are foreign wages earned overseas when TP was a green card holder (when TP was US resident alien). TP expatriated on August 31, 2019 via Form I-407. Therefore, all foreign wages earned from January 1, 2019 to August 31, 2019 were reported on Line 8 Form 1040NR and on Line 21 for the FEIE (Tax home was overseas and TP met the physical presence test for the qualifying period September 1, 2018 to August 31, 2019) and on Line 46 for the FTC on wages on Line 8.

Is this correct?

Please let me know if my understanding of this filing was wrong.

PTO does not handle D/S returns. You will need to prepare the 1040 statement and plug in the numbers on 1040NR.

---------------------------------------------------------------------------------Still an AllStar

sjrcpa

Level 15

1040NR is for a nonresident alien to report US source taxable income. 2555 is for excluding foreign source earned income. Why is foreign source income being included on a 1040NR?

The more I know the more I don’t know.

T

The Real HalloweenAuthor

Level 6

@sjrcpa Thanks for your comments.

Foreign source income is included because TP is a resident alien for part of the year therefore Forms 2555 and 1116 captured the wages (ECI) for that period.

sjrcpa

Level 15

Oh. So you're doing a dual status return.

The more I know the more I don’t know.

Sign up

Login with SSO

Let's get you signed in

Login with SSO