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Get your taxes done using TurboTax
Thanks for this great explanation. However, what is still a mystery. When I remove the income from the Foreign Earned Income position. And then reenter it as Hobby Income that has not yet been taxed (paid zero tax on it)-the tax burden increases by an identical amount. So at that point - wouldn’t it be accurate to read that as being taxed as income now? Because it would be being taxed as normal additional income as “other income” (not being excluded)? The impact is more than the “layering” effect.
March 30, 2025
6:21 AM