Answer the following statements true (T) or false (F)

1. Excess foreign taxes in one basket cannot offset limitation amounts in another basket.
2. U.S. citizens and resident aliens working abroad may qualify for the foreign-earned income exclusion of $103,900 in 2018.
3. A taxpayer who is physically present in a foreign country for 330 full days out of a 12-month period and maintains a tax home there has satisfied the bona fide foreign resident test.
4. Nonresident aliens are not allowed to claim the standard deduction.


1. TRUE
2. TRUE
3. TRUE
4. TRUE

Business

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