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Level 1
November 17, 2021
Question

What is the amount a california resident can deduct on his tax return that works in a foreign country

  • November 17, 2021
  • 3 replies
  • 8 views
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3 replies

IRonMaN
Level 15
November 17, 2021

What are you looking to deduct?

Slava Ukraini!
joshuabarksatlcs
Level 9
November 17, 2021

My mind reading told me @invst4u (a he) was asking how much of the foreign earned income on Form 2555 or 2555EZ would also be excluded on the CA return.

The answer is zero, zilch, nada, none or nothing...

On Form 540, the full amount on Form 2555 is added back to the Federal AGI.

 

I come here for kudos and IRonMaN's jokes.
PATAX
Level 12
November 17, 2021

Good job Houdini... 😀

PATAX
Level 12
November 17, 2021

Wow what a question.... This is a forum for tax preparers, you are a tax preparer are you not?

abctax55
Level 15
November 17, 2021

CA residents are taxed on their worldwide income, foreign (country or *foreign* state) income or not.

And I wasn't aware *tax returns* could actually "work" /S

HumanKind... Be Both