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Level 4
February 2, 2022
Question

2555 exclsion showing up as NOL

  • February 2, 2022
  • 1 reply
  • 4 views

Clients are expats with wages of 35,902. All of it is excluded on the 2555 foreign income exclusion. They use standard deduction of $25,100. This is generating a NOL. How do I remove the NOL? On the NOL Worksheet, I do not see a line to eliminate the 2555 exclusion from the calculation.

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1 reply

Level 15
February 2, 2022

How much is it showing for the supposed NOL?

Level 4
February 2, 2022

NOL of 19,242