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USCo owns 100% of FORco, a foreign corporation. FORco earns $10 million of Subpart F income on which it pays country F tax at a
USCo owns 100% of FORco, a foreign corporation. FORco earns $10 million of Subpart F income on which it pays country F tax at a 15% rate. What is USCo's foreign tax credit limitation?
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