The sourcing rules of Federal income taxation apply to deductions as well as to income items.

Name: The sourcing rules of Federal income taxation apply to deductions as well as to income items.
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The sourcing rules in Federal income taxation determine not only how income is categorized and taxed but also how deductions are allocated and sourced between U.S. and foreign income, affecting the calculation of taxable income.

The Sourcing Rules of Federal Income Taxation Apply to Deductions