JenniferSam
Feb 10, 2011, 01:24 PM
I moved to Korea in July of 2010. I have a year contract which I fully expect and intend to complete, but at this point I have only been out of the country for 6 months. Does that mean I cannot apply the foreign earned income tax exclusion to my 2010 tax return (because I haven't been gone for 330 consecutive days yet)and I will have to pay taxes on the money I earned last year in Korea? But I will be able to apply it to my 2011 tax return, after I have finished my 12 consecutive months/330 days? If that is the case, will it matter that I have already paid taxes on income earned during the first 5 months of that 12 month period?