Hi all,
I'm filing taxes for myself and my wife this year, and it's complicated! We plan to file jointly. I am confused as to whether the income she earned before she moved here will qualify for the foreign earned income exclusion.
For background:
My wife moved to the US from Hong Kong in March 2024. She lived in Hong Kong for many years.
She got a green card in mid-2024 and has not left the US.
Before she moved, she earned some money in Jan 2024 from her previous job.
My understanding is that she would meet the physical presence test, and if we file jointly, she would qualify for the foreign earned income exclusion. I believe the exclusion amount would be prorated based on the amount of time she spent overseas in 2024. Is that correct?
