Youngster, Inc., a U.S. corporation, earns $20,000 in passive foreign-source income and suffers a net loss of $60,000 in the general limitation basket. What is the numerator of the FTC limitation formula for Youngster's passive basket in the current year?
A) ($40,000)
B) $0
C) $20,000
D) $40,000
Correct Answer:
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