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Level 2
posted Nov 16, 2022 9:12:56 AM

Move to the US Aug. 2022

Hello!

Hi!

 

Context:

1) I am a US Citizen who lived overseas ever since. I moved to the US last August 2022.

2) I was employed by a foreign company from Jan 2022- Mar 2022 but have been unemployed and have not earned any income ever since. 

3) Last year, i filed the taxes and used the foreign earned income exclusion.

 

Question:

1) Can I use the foreign earned income exclusion two years in a row? I used it last year when I file my taxes. 
2) How should I reflect the income I earned outside the US from Jan 2022 - Mar 2022 and that I did not earn income for April 2022 to today?

 

Thank you. 🙂

 

Thank you so much!

1 1 283
1 Best answer
Employee Tax Expert
Nov 16, 2022 10:15:48 AM

You can use the foreign earned income exclusion every year you qualify for it.

From the IRS website:

 

https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion

 

To claim these benefits, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following:

  • A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year,
  • A U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or
  • A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months.

Since you no longer live in a foreign country, you will unable to use the foreign income exclusion. You will prepare you taxes including the foreign income and deducting any associated taxes.

1 Replies
Employee Tax Expert
Nov 16, 2022 10:15:48 AM

You can use the foreign earned income exclusion every year you qualify for it.

From the IRS website:

 

https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion

 

To claim these benefits, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following:

  • A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year,
  • A U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or
  • A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months.

Since you no longer live in a foreign country, you will unable to use the foreign income exclusion. You will prepare you taxes including the foreign income and deducting any associated taxes.