Hi all,
New to Pralana as well as this forum and really enjoying how powerful this tool is. I live overseas so I am able to take advantage of the Foreign earned income exclusion: https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion which at 125k per person or double for a married couuple filing joint as you can imagine is very substantial in tax savings. Are there any foreign based individuals on this forum who have figured out how to model this and all the subsequent tax consequences in their setup? At the very basic level, support has suggested I add an "other income" row to deduct the tax payments amouunts for the years I plan to remain living overseas. This combined with picking a state that doesn't have state income tax I think covers a lot of it.
Would appreciate any additional thoughts or suggestions.
