itonewbie
Level 15
12-07-2019
08:30 AM
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To answer your other question, no, you can't choose to exclude only a portion of the excludable income. §911 is an all-or-nothing election. Choosing to exclude only a portion is a position that is inconsistent with the election and would be treated as a revocation, with which, the taxpayer would be barred from electing §911 again until the 6th tax year unless approved by the IRS.
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Still an AllStar
Still an AllStar