Hi everyone, I just became a Colombian tax resident and as you might know, I have a lot of unanswered questions.
I'm an US citizen and qualify for the Foreign Earned Income Exclusion (I will be more than 340 days in Colombia this tax year).
What is the income used to file taxes in Colombia (earned in the US)? The full amount received or the adjusted gross income? (full amount minus the exclusion)
Also, can the amount paid for Social Security and Medicare be used as a credit in the Colombian tax return?
(I have been talking to several accountants and tax lawyers in Colombia and they all have different views on this topics)
Thanks!