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Which of the following statements is true? Excess foreign taxes from the general foreign income category may offset U.S. income taxes from the passive foreign

Which of the following statements is true? Excess foreign taxes from the general foreign income category may offset U.S. income taxes from the passive foreign income category. Excess foreign taxes may be carried back one year and/or carried forward ten years. Foreign taxes paid to one country can never be used to offset U.S. taxes on income earned in another country. Both a and b

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