Ask Experts Questions for FREE Help !
Ask
    AmerBrit's Avatar
    AmerBrit Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Oct 12, 2013, 03:43 PM
    Joint return - can one spouse file 2555 and the other 1116?
    Will be filing a joint return for first time this year. Can I file a 2555 to exclude my earned foreign income and have my spouse not exclude his income, yet file form 1116 for FTC on his income?
    AmerBrit's Avatar
    AmerBrit Posts: 5, Reputation: 1
    New Member
    		  
    #2

    Oct 12, 2013, 03:44 PM
    Should add it is my foreign spouse who we will designate resident alien. I am US citizen.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Oct 12, 2013, 04:37 PM
    Yes, that is allowed.

    However, it is also allowed for you to file Form 2555 for BOTH of you, and if either income EXCEEDS the exclusion limit, you can claim the Foreign Tax Credit for taxes assessed on the excess.

    You MAY want to get professional tax help for your return if BOTH forms are used.
    AmerBrit's Avatar
    AmerBrit Posts: 5, Reputation: 1
    New Member
    		  
    #4

    Oct 13, 2013, 02:22 AM
    Quote Originally Posted by AtlantaTaxExpert View Post
    Yes, that is allowed.

    However, it is also allowed for you to file Form 2555 for BOTH of you, and if either income EXCEEDS the exclusion limit, you can claim the Foreign Tax Credit for taxes assessed on the excess.

    You MAY want to get professional tax help for your return if BOTH forms are used.
    Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Oct 13, 2013, 04:33 AM
    Glad to help!
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

MFS/MFJ, spouse lives abroad, forms 2555 or 1116 [ 5 Answers ]

Hello, I need expert advise on filing US taxes. I am a US resident alien. Got married last year. Wife lives and works in Canada; she visits me once/twice a month on weekends, but has never lived or worked in US. She also does not have SSN or ITIN. My income $94K; wife's income $136K. Wife...

Can I file form 1116 without filing form 2555? [ 2 Answers ]

Is it possible to claim the entire amount of foreign taxes paid as tax credit from form 1116, or does one first have to use the foreign income exclusion on form 2555 and then only apply the balance of foreign tax credit to income in excess of the excluded amount?

Should a new inmate (who had no income) file with their spouse's joint return [ 1 Answers ]

I was on L1 visa want to file joint return. I want to apply for ITIN for spouse [ 4 Answers ]

I was in US(california) from march 2006 - jan 2007 on L1. My wife and kid were on L2. They don't have SSN (I think now its possible to get ssn on L2 ). Now I am back in India and want to file my return with both of them as my dependent. So I think I will have to file W7 for both of them to get...

View more questions Search