Identify which of the following statements is false.
A)Earned income is excludable from gross income only if it is foreign-source income.
B)Taxable pensions and annuities are excluded from the definition of earned income when computing the foreign-earned income exclusion.
C)An individual meets the bona fide resident test by establishing a home in a foreign country for 330 days.
D)All of the above are false.

Question

Quizplus · Accepted Answer

The bona fide resident test requires an individual to be a resident of a foreign country for an entire tax year, not just 330 days. The 330-day requirement is part of the physical presence test, not the bona fide resident test.

Identify Which of the Following Statements Is False