section 911(a)(1) limitation definition
section 911(a)(1) limitation. ’ means the amount of foreign earned income for a taxable year which may be excluded under section 911(a)(1). The section 911(a)(1) limitation shall be equal to the lesser of the qualified individual’s foreign earned income for the taxable year in excess of amounts that the in- dividual elected to exclude from gross income under section 911(a)(2) or the product of the annual rate for the tax- able year (as specified in paragraph (d)(2)(ii) of this section) multiplied by the following fraction: