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Form 2555

Greta
Level 9

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

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4 Comments 4
itonewbie
Level 15

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

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Still an AllStar
Greta
Level 9

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.

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itonewbie
Level 15

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

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Still an AllStar
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itonewbie
Level 15

It's disallowed because his AGI, including FEIE, is over the threshold.

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Still an AllStar