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Form 2555 not calculating correctly

Level 2

Has anyone else noticed that the Form 2555 is not calculating the foreign earned income exclusion and housing deduction correctly?  Has there been any guidance on when these issues will be resolved?

Thanks!

 

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4 Replies 4
Level 15

Can you be more specific about what on the F.2555 is not being calculated correctly?

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Still an AllStar
Level 2

Foreign earned income exclusion and housing deduction amounts are not updated for tax year 2020

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Level 15

Someone already noted that recently.  Also, are you using ProSeries or ProConnect Tax Online?  Your last question was about F.5471 in PS.

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Still an AllStar
Level 2

I did not see that comment and I am using Proseries so yes, I posted to the wrong group

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