Conclusion
It is important to reiterate that in order to take advantage of the housing exclusion, the housing amount must be paid for by employer-provided amounts or incurred from maintaining a qualified second foreign household. Secondly, if housing amounts are to be excluded, this must be calculated first before the foreign earned income exclusion can be determined. In other words, the housing amount must be deducted from the total foreign earned income to arrive at the excludable amount for foreign earned income exclusion purposes. Lastly, to choose the housing exclusion, Form 2555 is the only form allowed and must be completely filled out. Form 2555-EZ cannot be used to claim the foreign housing exclusion.
Read more about this topic: Foreign Housing Exclusion
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