Select the best answer When claiming a benefit for foreign taxes on the tax return,...
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Accounting
Select the best answer When claiming a benefit for foreign taxes on the tax return, which of the following statements is false? If the Foreign Tax Credit exceeds the Foreign Tax Credit limitation, the unused portion may be carried to another tax year. A. O B. A taxpayer may choose to claim a credit for or to itemize foreign taxes on an annual basis A taxpayer may never claim both a credit and a deduction for foreign taxes on the same return C. D. Cenerally, tis more advantageous to take the Foreign Tax Credit than the itemized deduction for foreign taxes. Submit Answers
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