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Deductions & credits
Thanks for the reply @Critter-3 !
Ok. then I've got a few follow-up questions:
Can I amend my last 3 returns (I believe that's the maximum number of years I can go back) to revoke the FEIE? I only made an IRA contribution for 2019, so I assume after amended it would correct the problem and I wouldn't have to pay the 6% penalty.
I understand that once you revoke the FEIE you must wait 5 years before you have the option to claim it again. After amending the last 3 years, am I correct to assume that means I would then only have to wait 2 more years?
Thanks for your help, it's much appreciated!
‎October 19, 2020
2:03 AM