If you revoked the foreign earned income last year, you cannot claim it again for 5 years. You can only use the foreign tax credit for the next 5 years.
Once an election is revoked, the individual may not make another election before the sixth taxable year after the first year for which the revocation was effective.
Example: If an election is revoked for taxable year 2013, the taxpayer may not make another election until taxable year 2019.
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