Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Form 2555 Foreign Earned Income Exclusion-Exceptions for Active Professor Status?

rklcorp
Level 2

Form 2555 new client living in Portugal since 2022. The prior accountant was taking the full exemption from Form 2555 (2022, 2023 & 2024) even tho all of the income is social security & pensions (unearned income). 

 

The form is pretty explicit in not allowing the Form 2555 for unearned income. The client is an active Research Professor Emeritus for a University but does not receive a W-2 or 1099-NEC. He only receives a 1099-R. 

Are there any exceptions I can use to link his active professor status to Form 2555?

0 Cheers
2 Comments 2
BobKamman
Level 15

No.  It's not called the "Foreign Mostly-Earned But Sometimes Not Exclusion."

rklcorp
Level 2

Haha. Yes

0 Cheers