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Forum: Boat Ownership & Making a Living

19-10-2023, 21:45

Replies: 8

Foreign Earned Income Tax Exclusion Physical Presence Test while on Ocean Crossings

Views: 917

Posted By unlimited

Re: Foreign Earned Income Tax Exclusion Physical Presence Test while on Ocean Crossin

Um no, I don't think the IRS looks at what periods you are employed and what periods you have no income. It clearly states that you have to be out of the US 330 days of the year. But does this...

Forum: Boat Ownership & Making a Living

19-10-2023, 11:18

Replies: 8

Foreign Earned Income Tax Exclusion Physical Presence Test while on Ocean Crossings

Views: 917

Posted By unlimited

Re: Foreign Earned Income Tax Exclusion Physical Presence Test while on Ocean Crossin

It's not quite clear to me. I had a land-based job and I was working remotely for the majority of the year. I'd like to continue to fulfill the 330 days of being in a foreign country. But if I were...

Forum: Boat Ownership & Making a Living

19-10-2023, 08:53

Replies: 8

Foreign Earned Income Tax Exclusion Physical Presence Test while on Ocean Crossings

Views: 917

Posted By unlimited

Foreign Earned Income Tax Exclusion Physical Presence Test while on Ocean Crossings

Hi all,

In the US, the FEIE allows you to deduct ~$100k from W2 income. One of the ways to meet this is through the Physical Presence Test, which:

Source...

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