The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 22:28, 4 October 2024
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Julie's total exclusion is $94,079. For my child American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. charge.
Defenders of this IRS position would say it comes back to Section 61. The waitress provided a service for me, and I paid for. Compensation for services is taxable. End of case.
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