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No, taking a foreign tax credit or exclusion in one year does not set a precedent so that you cannot claim the other in a subsequent year. If it is more beneficial for you to take the Foreign Tax Exclusion for 2016 you can do so if you qualify.
No, taking a foreign tax credit or exclusion in one year does not set a precedent so that you cannot claim the other in a subsequent year. If it is more beneficial for you to take the Foreign Tax Exclusion for 2016 you can do so if you qualify.
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