itonewbie
Level 15

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.

---------------------------------------------------------------------------------
Still an AllStar
0 Cheers