Putting information on 1040 from 2555 and 1116

I read this very informative post about how to file up to line 22
http://talk.uk-yankee.com/index.php?topic=61124.0
So thank you very much for that information but this is where the disagreement begins with my husband and I.

I felt that if line 22 is zero that meant that there was basically nothing to file (other than putting zero on everything).  In a manner of speaking you aren't really earning stateside that entitles you to get any deduction.  Is that correct?

 My husband felt that the instructions would say to stop filing and skip to the end if it.  However when i go to his route, I end up getting a massively large negative number when you get to the standard deduction and that doesn't seem right.

So are we missing an important step here?

Also, in that same token, if you are deducting all of the foreign wages, would you not be entitle to the tax credit information on 1116 because you have already deducted your foreign wages?

Any help to clear up this confusion woudl be greatly appreciated.
Thanks in advance!

You do keep going. You'll get a negative number at one point, but if you carry on you'll see that it adjusts itself at several points by saying that if line x is bigger than line y, you just put zero.
You cannot claim both an exclusion and a credit for the same income, but I think you can claim a credit if for example you have paid taxes on bank interest in the UK (which you have to report to the US). Someone who knows more will come along shortly I'm sure.

Okay I think I see what you mean
Line 43 says Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- .
So it ends up being zero again.

Thanks!
I didn't do any of the bank interest so I think I'm okay.
But it seems so odd to not pay taxes for the first time in my life!
*Very relieved*
Thank you