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Arturo paid $800 in foreign taxes in 2021. However, he was limited to using only $600 for his tax return. Which of the following is
Arturo paid $800 in foreign taxes in 2021. However, he was limited to using only $600 for his tax return. Which of the following is TRUE? The excess limit is $200. The unused foreign tax is $200. The difference must be carried back to 2020. The difference must be carried forward equally over ten years
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