this post was submitted on 19 Nov 2023

1 points (100.0% liked)

Digital Nomads

14 readers

1 users here now

founded 10 months ago

MODERATORS

communick@expats.zone

1

Foreign Earned Income Exemption Question. (alien.top)

submitted 10 months ago by ForeverAsleep13@alien.top to c/digitalnomad@expats.zone

2 comments fedilink hide all child comments

Does income received from a High Yield Savings Account qualify as "Earned" and can I use my FEIE for it? Thank you.

top 2 comments

sorted by: hot top controversial new old

[–] Time2RunHideNow@alien.top 1 points 10 months ago

No - https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-what-is-foreign-earned-income

[–] zrgardne@alien.top 1 points 10 months ago

https://www.irs.gov/publications/p54#en_US_2022_publink100047372

Table following this section. Won't formate correctly for me to paste it here

"Earned income.

This is pay for personal services performed, such as wages, salaries, or professional fees. The list that follows classifies many types of income into three categories...."

Publication 54 tells you everything you need to know about FEIE in easy to understand language