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Revoking Foreign Earned Income Excluison

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    Revoking Foreign Earned Income Excluison

    Another Tax Pro and I disagree. He says, if you choose not to claim the Form 2555 deduction on a timely filed return that this is a revocation. When I read the IRS info on revoking, it seems to say to me that revoking is changing a previously made election, like amending a 2011 return to not claim a Form 2555 deduction and instead claim the foreign tax credit. Does anyone know which interpretation is correct?
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