Form 2555 (2005) Page 3. Summary: This is an example of Form 2555 (2005), page 3, with items included as described in the text. Additionally, the following
line items
have been completed:
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Under
“Part V: All Taxpayers”:
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“27. Enter the amount from line 26” field contains 89,000
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“Are you claiming the housing exclusion or housing deduction? Yes. Complete Part VI.” checkbox checked
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Under
“Part VI: Taxpayers Claiming the Housing Exclusion and/or Deduction”:
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“29. Number of days in your qualifying period that fall within your 2004 tax year (see instructions)” field contains 366 days
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“30. Multiply $31.64 by the number of days on line 29. If 366 is entered on line 29, enter $11,581.00 here” field contains
11,581
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“31. Subtract line 30 from line 28. If the result is zero or less, do not complete the rest of this part or any of Part IX” field
contains 18,419
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“32. Enter employer-provided amounts (see instructions)” field contains 89,000
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“33. Divide line 32 by line 27. Enter the result as a decimal (rounded to at least three places), but do not enter more than
1.000”
field contains 1.000
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“34. Housing exclusion. Multiply line 31 by line 33. Enter the result but do not enter more than the amount on line 32. Also,
complete Part
VIII” field contains 18,419
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Under
“Part VII: Taxpayer Claiming the Foreign Earned Income Exclusion”:
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“36. If you completed Part VI, enter the number from line 29.” field contains 366 days
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“37. If line 36 and the number of days in your 2004 tax year (usually 366) are the same, enter 1.000.” field contains 1.000
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“38. Multiply line 35 by line 37” field contains 80,000
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“39. Subtract line 34 from line 27” field contains 70,581
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“40. Foreign earned income exclusion. Enter the smaller of line 38 or line 39. Also complete Part VIII” field contains
70,581
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