Overseas Tax Exemption?
I have a question about tax exemption for people living overseas. I believe I qualify for the physical presence test, but just want to be clear. The rule states that the person must be physically present in the country for at least 330 days in the year. If I was only present in the country for, say 320 days in the year, but had not returned to the US, would I still qualify for the tax exemption?
Public Comments
- The 330 days test is not for a particular year but it is for a period of 12 consecutive months (meaning it can be from March 1 of year A to February 28 of year B). If you did not return to the US, that means you were either staying in a foreign "country" or multiple foreign "countries", which would qualify you for the exemption if you were physically present in those countries for 330 days combined.
