U.S.individuals that receive dividends from foreign corporations may not claim the deemed-paid foreign tax credit related to such dividends.

Name: U.S.individuals that receive dividends from foreign corporations may not claim the deemed-paid foreign tax credit related to such dividends.
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Question

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U.S. individuals cannot claim the deemed-paid foreign tax credit because it is only available to U.S. corporations that own at least 10% of the voting stock of a foreign corporation.

USIndividuals That Receive Dividends from Foreign Corporations May Not Claim