doing taxes for the first time.Work and live in the Netherlands no income from the US that I know of.I'm using the 1040/2555EZ/schedule B and 1116(if I can figure
that one out).
On the 2555 line 18 listed my exclusion,then on line 7 the 1040 listed it again.Added the interest from my savings account,and listed the income on line 21,subtracted and I'm left with only the interest that I received.
The problem comes that the interest $551 when subtracted from my standard deduction leave 4599(this is a 2006 form as I have to do them all).
On line 42 I have 3300 for the single deduction.so do I just put 0 in line 43,57,72.Do I have to put anything in line 63.I have foreign tax for the 1116 but doesn't appear that I need to use it it will only confuse me more than I am now.Do I have to use the worksheet line44 that makes thing worse.
Or do I not subtract the interest I received from my deductions.
Its pretty bad as I have no one to discuss this with so I'm glad I found this site.
Any help would be apppreciated.
Hope this makes sense
Bernie
that one out).
On the 2555 line 18 listed my exclusion,then on line 7 the 1040 listed it again.Added the interest from my savings account,and listed the income on line 21,subtracted and I'm left with only the interest that I received.
The problem comes that the interest $551 when subtracted from my standard deduction leave 4599(this is a 2006 form as I have to do them all).
On line 42 I have 3300 for the single deduction.so do I just put 0 in line 43,57,72.Do I have to put anything in line 63.I have foreign tax for the 1116 but doesn't appear that I need to use it it will only confuse me more than I am now.Do I have to use the worksheet line44 that makes thing worse.
Or do I not subtract the interest I received from my deductions.
Its pretty bad as I have no one to discuss this with so I'm glad I found this site.
Any help would be apppreciated.
Hope this makes sense
Bernie
