sharmoren0112
Level 4

I know the advantage of claiming the foreign income exclusion is it will reduce the taxes owed by the TP. Are there any disadvantages to taking it? My client tells me it will affect his citizenship if he doesn't report the income. He has dual citizenship in the US & in Germany. It looks like I'll report the exclusion on form 2555. What line or part of the form? Thank you!

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