Greta
Level 9
06-09-2020
07:15 PM
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Does deducting abroad income via Form 2555 preclude client from Form 8880 credit?
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itonewbie
Level 15
06-09-2020
07:33 PM
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No but eligible will be impacted if the AGI adjusted for §911 puts your client over the threshold.
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Greta
Level 9
06-10-2020
07:17 AM
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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.
itonewbie
Level 15
06-10-2020
09:36 AM
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F.2555 is for exclusions allowed under §911. My response was based on §25B(e).
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itonewbie
Level 15
06-10-2020
09:38 AM
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It's disallowed because his AGI, including FEIE, is over the threshold.
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Still an AllStar
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