Multiple Choice
In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit?
A) The foreign tax paid was less than 10% of AGI.
B) The foreign tax paid was to a South American country.
C) The foreign tax paid was a property tax.
D) The foreign tax paid was an income tax.
Correct Answer:

Verified
Correct Answer:
Verified
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