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December 18, 2014

Homework Help: tax

Posted by Andy on Monday, April 2, 2012 at 4:26pm.

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

is it D

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