No, if you take the AMT Simplified Election this year, you must stick to it in the following years unless you obtain the IRS consent to change it. For the first year's election, if you have only one category of foreign income to report, then choose the Amt Simplified Election. If you have several categories, don't make this election.
If you aren't sure how may categories of foreign income you report in the future, don't choose AMT Simplified Election.
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