We should be certain that you're aware of an important point. If the foreign earned income exclusion covers all of your earned income for a year, then you can't make an IRA contribution for that year. Some have suggested that because the foreign earned income exclusion is optional, the taxpayer can refuse to use it for $2000 and use that money to qualify for an IRA contribution. Others believe that the exclusion, although optional, is of the all-or-nothing variety, making the first suggestion impossible. No one (of whom I'm aware) has cited clear authority supporting either position. Good luck! --Bob OK... let's see if I understand what you are saying.Because I receive the exclusion for my entire income for the entire year, I am not able to contribute to an IRA (of either kind). Is that the gist of it?--nyakki
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