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