What Are the Carryback and Carryforward Periods for the Foreign

question 41

Multiple Choice

What are the carryback and carryforward periods for the foreign tax credit?

• A)back two years; forward five years
• B)back three years; forward ten years
• C)back one year; forward ten years
• D)back two years; forward twenty years

---

Definitions:

Analog

Referring to a type of signal or information that varies continuously over a range, unlike digital signals which are discrete.

Discrete Input

A discrete input is a type of digital signal input to a control system or device indicating a binary condition, such as on/off.

PLC

Programmable Logic Controller, a robust computer used in industrial automation for controlling machinery and processes.

Module Inserted

Refers to the action or status of having successfully connected a module, such as an I/O module, into its designated slot or position in a system.