Identify which of the following statements is true.
A) An individual, who is a bona fide resident of a foreign country for at least one full tax year, can claim the foreign- earned income exclusion for all days on which he/she is a resident of the foreign country and physically present in that country.
B) Fringe benefits that are excluded from gross income under a Code Section other than Sec. 911 reduce the annual dollar ceiling for the foreign income exclusion.
C) An individual who is physically present in a foreign country for 330 full days out of a 12- month period can claim the foreign- earned income exclusion only for the days in the 12- month period he/she is physically present in a foreign country.
D) All of the above are false.
Correct Answer:
Verified
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