Question: Jarod is a self-employed taxpayer whose only compensation was from services he provided as an independent contractor. He meets the requirements for, and elects to
Jarod is a self-employed taxpayer whose only compensation was from services he provided as an independent contractor. He meets the requirements for, and elects to claim, the foreign earned income exclusion. Jarod may also be eligible for which of the following tax benefits? A credit for taxes paid on amounts that were excluded. The foreign housing deduction. An exemption from self-employment tax. The foreign housing exclusion
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