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The source rules determine if an income or deduction is a US source or foreign...

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Accounting

The source rules determine if an income or deduction is a US source or foreign source. Your client, Robin, is in her first year of business and is trying to get clarification on the source rules. Identify one source of income and one source of deduction and explain to Robin how its source is determined. Be sure to explain how the allocation and apportionment process works for the deduction.

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