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Determine the amount of U.S. taxable income for each entity (A,B,C,D,E,F,G, and H) Calculate the foreign tax credit allowed in the United States, first by

Determine the amount of U.S. taxable income for each entity (A,B,C,D,E,F,G, and H)

Calculate the foreign tax credit allowed in the United States, first by foreign tax credit basket and then in total.

Determine the net U.S. tax liability on foreign source income.

Determine any excess foreign tax credits and identify by basket

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