Which of the Following Conditions Must Be Met for a Taxpayer

question 125

Multiple Choice

Which of the following conditions must be met for a taxpayer to be able to claim the foreign tax credit without filing Form 1116?

• A)All of the foreign-source income is passive income.
• B)Total foreign taxes paid were less than $300 ($600 if married filing jointly).
• C)Taxpayer is not subject to foreign tax limitation rules.
• D)All of these must be met.