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Problem 7 - 2 1 ( Algorithmic ) Foreign Tax Credit ( LO 7 . 6 ) and they itemize deductions. Should they daim the
Problem Algorithmic
Foreign Tax Credit LO and they itemize deductions.
Should they daim the foreign tax credit or a deduction for foreign taxes on their Schedule A
If required, round your answer to the nearest dollar.
The foreign tax deduction will result in a $ tax benefit where as claiming the foreign tax credit yields a : tax benefit. Therefore, the taxpayers should
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