Multiple Choice
Tom, a calendar-year taxpayer, worked in Japan from July 1, 2017 through June 30, 2018. He earned $80,000 in 2017 and $90,000 in 2018 while in Japan. The maximum foreign earned income exclusion amount is $102,100 for 2017 and $103,900 for 2018. Which of the following statements is true?
A) None of the income can be excluded in 2017 or 2018.
B) $51,950 can be excluded in both 2017 and in 2018.
C) No exclusion in 2017 but $90,000 can be excluded in 2018.
D) $51,950 can be excluded in 2018.
Correct Answer:
Verified
Correct Answer:
Verified
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