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Martha and Lew are married tax payers with $1500 of foreign tax withholding from dividends in a mutual fund. They have enough foreign income from
Martha and Lew are married tax payers with $1500 of foreign tax withholding from dividends in a mutual fund. They have enough foreign income from the mutual fund to claim the for $1500 as a foreign tax credit. Their tax bracket is 15% of any itemized deductions. Should they claim the foreign tax credit or a deduction for foreign taxes on their schedule A
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