> I, perhaps misguidedly, made an IRA contribtion for the
>> current tax year, based on the small amount of foreign
>> earned income I will have, about $5K US or $7K AUS.
>>
>> Because I know know that if the foeign earned income is
>> excluded, I will have no income for the year and thus
>> shouldn't have made an IRA contribution, can I?
>>
>> Just not take the exclusion. Pay the US taxes on the $7K AU
>> ($5K US)? How and when or who determines the currency
>> conversion rate to determine how much I made, can
>> contribute, et-cetera?
>>
>> To complicate things, My partner is a high-earner. Can she
>> take the exclusion and I do not?
> Have you thought instead of taking the Foreign Income
> Exclusion to take instead the Foreign Tax Credit? That may
> solve your problem. Especially if the income is earned in a
> country which taxes more than the US.
How would that solve my problems?
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