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Which is true for henrietta

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Reference no: EM132680763

Problem 1: Henrietta worked in Vietnam from May 1, 2020 to March 31, 2021. Her salary in Vietnam for that period was $10,000 per month. She was a US citizen. She also received income from a rental house in Vietnam of $30,000 for 2020 . Which of the following is true?

Select one or more:

a. Henrietta's foreign earned income exclusion in 2020 is $107,600
b. Instead of claiming the foreign earned income exclusion, the taxpayer can claim a foreign tax credit based on the taxes she pays in Vietnam
c. The rental income is not taxable because it is located in Vietnam and not in the US.
d. If she elects the Foreign earned income exclusion her AGI will be $128,756
e. If the taxpayer switches from the foreign earned income exclusion to the foreign tax credit, she cannot use the foreign earned income exclusion for 5 years.

Reference no: EM132680763

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