In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit?
A. The foreign tax paid was less than 10% of AGI
B. The foreign tax paid was to a South American country
C. The foreign tax paid was a property tax
D. The foreign tax paid was an income tax
is it D
1 answer
C. The foreign tax paid was a property tax