You can take the Foreign Earned Income Exclusion and the foreign tax credit, but not on the same income.
So you can take up to $108,700 as FEIE, then on the balance take the foreign tax credit. You report gross income of $41,300 and foreign tax paid or accrued on that $41,300. You reported $150,000 on form 2555, but the FEIE is for only$108,700.
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