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As a follow up to a post I made, I got an answer from the IRS.
You cannot use only a portion of the foreign earned income exclusion. The IRS will consider that you declined its use. This is a big problem. The exclusion is, use it all or nothing.
To invest in an IRA for those of us overseas, we must declare compensation over the 72k exclusion limit. 2k over for a 2k contribution to one IRA and 4k for two IRA's.
Thx
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