Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- 2019 Form 2555 generating NOL Carryover
2019 Form 2555 generating NOL Carryover
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
mrscpa
Level 2
07-06-2020
03:24 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
foreign earned income exclusion generating a NOL, client had some US wages, but majority was foreign earned income (not self employed) - does this look correct? last year his foreign earned income was completely excluded, no NOL generated.
on the 1040 worksheet in 2019, line 9, it is subtracting the standard deduction from the AGI which is already a negative amount for the difference between foreign wages and earned income in US. transferring this amount to the NOL worksheet and creating a NOL carryover. I've called proseries on this 3x and no luck. any help is appreciated.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
