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    megame's Avatar
    megame Posts: 3, Reputation: 1
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    #1

    Feb 28, 2017, 02:53 AM
    File 2555 AND Form 1116?
    You are you allowed to file form 2555 AND form 1116 for the same tax year.

    You can assume that I meet all the qualifications required to file 2555.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 28, 2017, 11:09 AM
    Yes. It is a bit complex, because you have allocate the amount of income that is excluded when determining the Foreign Tax Credit, but it can be done.
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