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The Foreign Earned Income Exclusion is USD 107,600. If you make less than that, then the forms (Form 2555) are pretty easy. If you make more, Form 1116 can be
by michaelhoffman 5y ago
The Foreign Earned Income Exclusion is USD 107,600. If you make less than that, then the forms (Form 2555) are pretty easy.
If you make more, Form 1116 can be a pain to get right but if you have an accountant do it once you can figure out how to modify the form for subsequent years.
- voisin 5y agoAs the name implies, that only applies to Earned Income. Not investment or business income not taken as salary or any other form of income.