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Business & farm
Hi Cindy!
Thanks for your message. Just to clarify, I do have an operating profit, but I’m able to exclude up to $126,500 for the foreign earned income exclusion. My profit is under that amount, so after the standard deduction, I have negative taxable income. Please let me know if that changes anything with your advice. Thank you so much!
November 13, 2024
3:51 PM