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!