OK this might sound foolish (the bad kind), but please bear (or bull as the case may be) with me.I reside abroad and my income does not exceed the foreign income exclusion. As a result I have no adjusted gross income from which to contribute to my Roth IRA. Being foolish (the good kind) I know the importance of contributing to an IRA. Thus, last year I returned to the US and earned $2000 in taxable income.Great I can do my Roth. But alas, Turbo Tax calculates that I have a negative adjusted gross income since I qualify for some foreign tax credit (form 2555).My question is can I just ignore this tax credit? I really prefer to make my IRA contribution. Also any help on this credit would be helpful. I just filled out the questions on Turbo Tax and it found this credit. Something to do with my low income abroad and housing credits???Thanks
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