Question: In late 2 0 2 3 , Sally, a U . S . citizen, accepts a job offer to sell timeshare in the Cayman Islands

In late 2023, Sally, a U.S. citizen, accepts a job offer to sell timeshare in the Cayman Islands and she moved to the Cayman Islands and established bona fide residence there in contemplation of her remaining there for at least a 5-year stay. During 2024, Sally is paid $80,000 in salary and she recognizes 17,500 in dividends, $11,500 in interest, and $21,000 in capital gains.
How much will Sally be able to exclude from her 2024 gross income?
$11,500
$80,000
$130,000
$50,000
None of the above
In late 2 0 2 3 , Sally, a U . S . citizen,

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