Tonya T. asked
My son, who has lived and worked in London for 15 years, inherited an investment account last year with approximately $20K in income from that account. He earns less than $100,000 a year in the UK. Does the foreign tax credit on form 2555 also take away the money he earned here? I am also curious about how it should be handled in CA.
April 1st, 2024
Danny C. answered
The Foreign Earned Income Exclusion (FEIE) applies only to foreign earned income, not to unearned in...
April 1st, 2024
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