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December 18, 2014

Homework Help: income tax

Posted by Andy on Wednesday, April 4, 2012 at 3:33pm.

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


is it C

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