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Old 04-14-2007, 04:51 PM   #1
wgraham969
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Foreign earned income exemption
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In trying to complete my 2006 income tax return, I stumbled across a situation that I just don't know how to deal with, and the federal tax guides (Surprise!!! ) just don't give enough help.

I qualify for the foreign-earned income exemption (qualified with the presence test, more than 330 days in a period from August 2005 - August 2006). My question concerns the maximum allowable deduction.

Can I take the maximum allowable deduction for BOTH 2005 and 2006--since I earned the income in both years--or must the maximum allowable deduction be prorated between the two tax years?
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