Select the best answer. Rosetta properly excluded all of her foreign earned inco

ID: 2600743 • Letter: S

Question

Select the best answer. Rosetta properly excluded all of her foreign earned income on Form 2555 in 2015. In 2016, she claimed the Foreign Tax Credit on all her foreign income (including her foreign wages). What is the result of her choice in 2016? O A. The election to exclude her foreign earned income is revoked for the next ten years. O B. Year 2015 to adjust the amount of allowable deduction. O C. She may not carry any Foreign Tax Credit to future tax years. O D. She may carry any unused Foreign Tax Credit back to 2015. Submit Answers

Explanation / Answer

Option D. she may carry any unused foreign tax credit back to 2015 is correct.

since unused foreign tax credit can be carried back one year, option D is correct

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Select the best answer. Rosetta properly excluded all of her foreign earned inco

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