US taxes software platform with foreign income exception and US rental property support

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  1. #1

    US taxes software platform with foreign income exception and US rental property support

    Dear Geo Expat Community,
    I am looking for recommendations of a software platform that makes applying United States taxes with foreign income exemption and US rental property income easy.
    The IRS requires you to file a Form 2555 to apply for foreign income exemption, so I would like a list of online paltforms that enable you to do this (seems that Freetaxusa.com does not allow this).
    I notice that the platform expatfile enables you to file foreign income exemption, but I did not 1) see anywhere you can put in rental income from property in the USA, 2) where it enables you to file New Jersey taxes, and 3) it is rather expensive ($190) so I am looking for alternatives.
    Thank you,
    Jacob


  2. #2

    Join Date
    Aug 2006
    Posts
    331

    Currently, I buy the Turbotax Premier version each year, which includes the overseas forms (2555, 1116, etc.) and handling of rental income as Schedule E. It also has the appropriate FATCA forms. FBAR is filed elsewhere. Premier also includes one state tax form (mine is Connecticut) although they want to charge extra for e-filing the state form so I send that in my mail.

    I do not use Turbotax online as they will not accept my Hong Kong credit card :-)

    A colleague uses H&R Block online, but they do not have rental property so I do not know if H&R cover that or their cost structure.

    I will be interested in what other options people come up with.

    -Spode

    Last edited by spode; 18-04-2023 at 12:06 PM. Reason: typos