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question about completing 1040 and 2555 for U.S. IRS

 
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hagwonnewbie



Joined: 09 Feb 2007
Location: Asia

PostPosted: Mon Mar 31, 2008 11:00 pm    Post subject: question about completing 1040 and 2555 for U.S. IRS Reply with quote

I'm doing my U.S. taxes, and I'm not sure where to report my foreign income on my 1040 form. I'm exempt from paying taxes on my Korean income, and I'm filling out a 2555 form to verify that, but I'm not sure if I have to put that on my 1040 form. Can anybody help me here?
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Bibbitybop



Joined: 22 Feb 2006
Location: Seoul

PostPosted: Mon Mar 31, 2008 11:17 pm    Post subject: Reply with quote

You put it as your income, but later you put that amount in the negative where ever you are supposed to mention for 2555. So it cancels each other out. I don't have the line numbers, sorry.
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