Does the foreign housing benefit need to be included on Line 7 of the tax return? All income (including housing benefit) is being reported as total foreign earned income and reported on Form 2555, but only the housing amount is pulling through to line 7. Is this correct?
Announcement
Collapse
No announcement yet.
Foreign Housing included in Salary
Collapse
X
-
Originally posted by Blaire View Postonly the housing amount is pulling through to line 7. Is this correct?
If we are talking about Line Numbers, we need to figure out if this is on a 2018 tax return or a pre-2018 tax return. What year is it?
All of the foreign earned income should be showing up as wages (Line 7 for pre-2018 tax returns, Line 1 of 2018 tax returns), then the excluded amount shows up on Lines 21, and in some cases the Housing is added to Line 36 (for pre-2018 tax returns).
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment