In what circumstances might a taxpayer prefer to? deduct, rather than? credit, f

Question

In what circumstances might a taxpayer prefer to? deduct, rather than? credit, foreign? taxes?

A. A taxpayer might prefer to? deduct, rather than? credit, foreign income taxes when the taxpayer wants to increase a current net operating loss.

B. A taxpayer might prefer to? deduct, rather than? credit, foreign income taxes when the taxpayer is in a net foreign tax credit position.

C. A taxpayer might prefer to? deduct, rather than? credit, foreign income taxes when the taxes are not creditable because they are levied on property or? production, not income.

D. All of the above.

Explanation / Answer

D. All of the abovr

All the conditions given are held as benificial to take deduction rather than credit.

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