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- 2555 Housing Exclusion
2555 Housing Exclusion
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wingtowingllc
Level 1
12-16-2023
10:03 AM
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Overseas Taxpayer earns 149,450 of which housing paid by employer and included in taxable income is 11,440. Under Housing exclusion I input; Qualified Housing expense of $11,440, Location.
Taxpayer is a BFR with all travel data inputted: Total Comp is 149,450 (includes housing furnished by employer of 11,440).
Taxpayer used full income exclusion of $112, 000 so they are eligible for housing exclusion, but Pro Tax Connect does not calculate it/allow the housing exclusion.
Screen in Pro Tax Connect
Housing Exclusion or Deduction input
Qualified Housing expenses - $11,440
Location - Marseille
Limit on housing expenses "blank"
Employer provided amount Adjust "blank"
I am hoping someone has been successful to get this to calculate. Or let me know what I am doing wrong.
Thank you.
I know I must be missing something I need to check etc.
Please help.
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1 Comment 1
sjrcpa
Level 15
12-18-2023
09:24 AM
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Look at the housing exclusion section of the form and the instructions. Your client has already maxed out their exclusion.
The more I know, the more I don't know.
