To provide relief from double taxation, Congress allows a foreign-unearned income exclusion for interest and dividends earned in foreign countries.

Name: To provide relief from double taxation, Congress allows a foreign-unearned income exclusion for interest and dividends earned in foreign countries.
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Question

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The foreign earned income exclusion applies to income earned from working in a foreign country, not to passive income such as interest and dividends.

To Provide Relief from Double Taxation, Congress Allows a Foreign-Unearned