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Author Question: Current year foreign taxes paid exceed the ceiling based on U.S. tax attributable to foreign source ... (Read 49 times)

imowrer

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on: Sep 13, 2020
Current year foreign taxes paid exceed the ceiling based on U.S. tax attributable to foreign source income. These excess foreign tax credits
◦ are lost.
◦ can be carried forward ten years only.
◦ can be carried back one year and then carried forward ten years.
◦ can be carried back one year and then carried forward twenty years.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by imowrer on Sep 13, 2020

vseab

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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imowrer

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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