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- 2555 exclsion showing up as NOL
2555 exclsion showing up as NOL
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Randy Haynes
Level 4
02-02-2022
12:23 PM
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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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TaxGuyBill
Level 15
02-02-2022
12:54 PM
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How much is it showing for the supposed NOL?
Randy Haynes
Level 4
02-02-2022
01:07 PM
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NOL of 19,242
