A taxpayer who is a bona fide resident of a foreign country for an entire tax year may:

Question

Quizplus · Accepted Answer

A bona fide resident of a foreign country for an entire tax year has the option to exclude up to $102,100 of earned income from gross income or take a foreign tax credit for foreign taxes paid on the foreign income. They can also choose to take a deduction for foreign taxes paid on foreign income, but they cannot do both the foreign tax credit and deduction. Therefore, the best choice is to select any one of the above alternatives.

A Taxpayer Who Is a Bona Fide Resident of a Foreign