In a Given Year, the U

In a given year, the U.S. IRS places an overall limitation applied to foreign tax credits.

A) The overall limitation is limited to the amount of tax due on the foreign-source income.
B) The overall limitation is limited to the amount of tax actually paid during the tax year on the foreign-source income.
C) The overall limitation is limited to the amount of tax that would have been due on the foreign-source income if it had been earned in the United States.
D) None of the above