C16-9 - ANSWER KEY Taxpayers must satisfy one of the...

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Unformatted text preview: ANSWER KEY Taxpayers must satisfy one of the following two requirements to claim the foreign earned income exclusion: • Bona fide residence test--A U.S. citizen must have been a resident of a foreign country (or countries) for an entire tax year and must have maintained a tax home in a foreign country (or countries) during the period of residence. • Physical presence test--A U.S. citizen or resident alien must be physically present in a foreign country (or countries) for at least 330 full days during a 12-month period and must have maintained a tax home in a foreign country (or countries) during the period of residence. pp. C:16-9 and C:16-10. ...
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