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    Form 2555 not calculating correctly

    agernant
    Level 2
    ‎01-29-2021 03:09 AM

    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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    4 Comments 4
    itonewbie
    Level 15
    ‎01-29-2021 04:03 AM

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

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    Still an AllStar
    agernant
    Level 2
    ‎01-29-2021 04:04 AM

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

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    itonewbie
    Level 15
    ‎01-29-2021 04:07 AM

    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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    Still an AllStar
    agernant
    Level 2
    ‎01-31-2021 02:27 AM

    I did not see that comment and I am using Proseries so yes, I posted to the wrong group

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