stuck on foreign earned income exclusion


J

joe.sonia2

I am filling out my 1040 and am a self employed US citizen living
abroad. In filling out the 2555 form, and claiming my $87,600 income
exclusion, I find myself with a much higher adjusted gross income than
it would be otherwise. How does this work? I am sure I am missing
something. Any ideas?
 
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R

removeps-groups

I am filling out my 1040 and am a self employed US citizen living
abroad. In filling out the 2555 form, and claiming my $87,600 income
exclusion, I find myself with a much higher adjusted gross income than
it would be otherwise. How does this work? I am sure I am missing
something. Any ideas?
Is Line 21 (Other Income) positive 87600 or negative 87600? It should
be negative.
 

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