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Level 7
June 10, 2020
Question

Form 2555

  • June 10, 2020
  • 4 replies
  • 7 views

Does deducting abroad income via Form 2555 preclude client from Form 8880 credit?

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4 replies

itonewbie
Level 15
June 10, 2020

No but eligible will be impacted if the AGI adjusted for §911 puts your client over the threshold.

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GretaAuthor
Level 7
June 10, 2020

I apologize for my ignorance, how do I find Section 911 in irs.gov? Clients' MFJ line 8b is $36,424, and there are no other deductions except Form 2555, yet Form 8880 is denying credit because of AGI being over the $64K limit.

itonewbie
Level 15
June 10, 2020

F.2555 is for exclusions allowed under §911.  My response was based on §25B(e).

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