I left the U.S. during the middle of the year. Does the foreign earned income exclusion apply, and how is it calculated?
To qualify for the exclusion, you must be either a bona fide resident of a foreign country or be physically present in the foreign country for 330 full days during any 12 consecutive months. The 330 days do not need to be consecutive. A full day in any foreign country counts. If you qualify for the exclusion and a portion of your physical presence period is during the previous or following calendar year, the exclusion is prorated:
(“Number of days in your qualifying period that fall within the calendar tax year” / “Number of days in the calendar tax year”) X Maximum foreign earned income exclusion
All About Randall Brody
Randall is the Founder of Tax Samaritan, a boutique firm specializing in the preparation of taxes and the resolution of tax problems for Americans living abroad, as well as the other unique tax issues that apply to taxpayers. Here, they help taxpayers save money on their tax returns.