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  3. 1)a taxpayer does not live abroad; however, they p

1)A taxpayer does not live abroad; however, they paid taxes foreign investment income. Additionally, the...

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Accounting

1)A taxpayer does not live abroad; however, they paid taxes foreign investment income. Additionally, the taxpayer earned income from a foreign business. Is the following statement correct in this situation?
a)The taxpayer will need to file separate Forms 1116 for their passive and general category income
b)The taxpayer carry-forward or carry-back any foreign tax paid that they were unable to claim due to limits
c)The taxpayer may take either a deduction or credit on their US Form 1040 for foreign paid
d)Both sources of the taxpayers foreign income fall under the passive income category
e)The taxpayer may not take a deduction or credit on income that is not included on their US Form 1040
f)If the taxpayers filling status is Single, and they paid more than $300 in foreign tax, they are required to file Form 1116 to claim the credit

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