Tax Question for anyone familiar with Turbotax

[The_Dude 1,142]

Here is my situation, I entered all the information on turbotax for my W2, 1098, etc, and then I filled out form 2555 for my wife's income for the 2 months that she worked in Canada before she moved here. I went through all those steps and when I get to the end, I check it before I submit, and it doesn't reflect her income on line 7 of the 1040, but has a negative numter on line 21 with the notation that this was from the 2555. It is my understanding that her income is supposed to be included with my income from my W2 for a combined income on line 7. Now, all this does is decrease my taxable income by the amount of income that she had rather than zero it out from the foreign income exclusion (form 2555).

So my question is first, should her income be combined with mine for line 7 for taxable income? Second, how do you enter this using turbotax? I have scoured the interface and can only enter it if I had a W2, which obviously my wife oesn't have because she worked in Canada only.

[Nich-Nick 3,354]

It is well hidden in TurboTax. If you can get to the page under the general menu tab "Federal Taxes". The first thing on the menu line below is "Wages and Income". The page will have listings of all possible income

Wages and Salaries

Import Your Tax Info

Interest and Dividends

Other Common Income

etc

etc

Less Common Income <------------(Last section on the page)

So if you found that section, then there's listings under that. The last one and the very last thing on the whole page is

Miscellaneous Income, 1099-A, 1099-C You would never pick that cause who has those 1099 forms? Well click the button "Start" and the first page will give you some boxes to check if you have any of the miscellaneous income. The first you check:

"Wages not already reported"

Then click "continue" and it'll ask if you earned any wages not reported on a W2. YES.

Then click through a few pages that don't apply and about the 3rd page will be Foreign Earned Income. Fill in the amount.

That'll fix you up.

Edited February 20, 2010 by Nich-Nick

[The_Dude 1,142]

It is well hidden in TurboTax. If you can get to the page under the general menu tab "Federal Taxes". The first thing on the menu line below is "Wages and Income". The page will have listings of all possible income

Wages and Salaries

Import Your Tax Info

Interest and Dividends

Other Common Income

etc

etc

Less Common Income <------------(Last section on the page)

So if you found that section, then there's listings under that. The last one and the very last thing on the whole page is

Miscellaneous Income, 1099-A, 1099-C You would never pick that cause who has those 1099 forms? Well click the button "Start" and the first page will give you some boxes to check if you have any of the miscellaneous income. The first you check:

"Wages not already reported"

Then click "continue" and it'll ask if you earned any wages not reported on a W2. YES.

Then click through a few pages that don't apply and about the 3rd page will be Foreign Earned Income. Fill in the amount.

That'll fix you up.

I think I love you.

I've been banging my head on this screen for hours on end. I tried their little Q&A system and got stupid copy and paste responses from people that did not even pertain to my question. I sincerely thank you.

[TBoneTX 45,580]

I think I love you.

All ROFLing aside, Nich is the greatest, si man. I still remain palpably grateful for the help during last tax season, si man.

[adiiann 163]

It is well hidden in TurboTax. If you can get to the page under the general menu tab "Federal Taxes". The first thing on the menu line below is "Wages and Income". The page will have listings of all possible income

Wages and Salaries

Import Your Tax Info

Interest and Dividends

Other Common Income

etc

etc

Less Common Income <------------(Last section on the page)

So if you found that section, then there's listings under that. The last one and the very last thing on the whole page is

Miscellaneous Income, 1099-A, 1099-C You would never pick that cause who has those 1099 forms? Well click the button "Start" and the first page will give you some boxes to check if you have any of the miscellaneous income. The first you check:

"Wages not already reported"

Then click "continue" and it'll ask if you earned any wages not reported on a W2. YES.

Then click through a few pages that don't apply and about the 3rd page will be Foreign Earned Income. Fill in the amount.

That'll fix you up.

Agree!