I have been living abroad, taking the Foreign Earned Income Exclusion for the past two years. This year however, I won't be eligible for it due to a move back to the USA in October. I plan on utilising the Foreign Tax Credit.
If I use take the Foreign Tax Credit this year will I be automatically revoking the FEIE? I will be living abroad again soon and don't want to have to wait 5 years before using the FEIE again. What is my best strategy?
Thanks!
