Simple quesiton. PWC told me since I had only been in Singapore for 6 months, I could file extensions until I've been here 330 days then get that earned income exclusion. That sounded fishy. But now, TurboTax is telling me the same thing. Obviously I'm overjoyed at this, as it is the difference between a $10k refund and owing quite a few $k.
Is it really this simple? Or is something going to bite me in the ass later?
If you haven't been present in a foreign country for 330 full days yet, but plan to be, then you have two options. You may wait to file your return (using an extension, if necessary) until you have been present in a foreign country for 330 days. Then you can file your return and claim the exclusion. Or you can file your return now, claiming only the Foreign Tax Credit (if eligible) which is covered in the Deductions and Credits section. Later you can file an amended tax return to claim the exclusion after you have met the 330 day test.