I excluded FEI in 2019 and before as I lived and worked overseas via the FEIE.
I moved back to the US and had no FEI for 2020-2023, only US sourced income.
I moved overseas to a different country in 2024 mid year.
I have FEI from the second half of 2024.
I cannot exclude my FEI from 2024 unless I wait until July 2025 to file as I do not qualify (as I moved mid year) - don’t pass the PPT or BFRT yet.
If I take the foreign tax credit instead of excluding my FEI (which also lowers my tax liability) and file before I qualify for the FEIE in July 2025, would this represent a revocation of the FEIE, even though I don’t qualify yet?
I may want to keep the option to use the FEIE in 2025 as it may work better for me...
