Foreign Earned Income Exclusion and Social Security Tax

T

trader59

I was told by my broker's accountant that, as a resident of a foreign country it is possible for me to take the Foreign Earned Income Exclusion on trading income, yet still not pay Social Security Tax, as it is actually capital gains. (I pay no foreign social security taxes on the income.
Is there any way to do that?
(The paperwork is no issue. I can structure next year any way I want).
 
<b><I>I was told by my broker's accountant that, as a resident of a foreign country it is possible for me to take the Foreign Earned Income Exclusion on trading income, yet still not pay Social Security Tax, as it is actually capital gains. (I pay no foreign social security taxes on the income.</i></b>

Unless you are incorporated, can you really do this? Since this is not earned income, is it not disallowed to be part of the FEIE?
 
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