Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Foreign Tax Credit and Completing Form 1116

Summary and Exercises

Question 3 of 5

To qualify for the foreign tax credit, taxpayers must meet all except which one of these requirements?

A Have foreign or Puerto Rico source income taxable to the U.S.
B Have paid taxes on that income to a foreign country or possession
C Claim the standard deduction instead of itemizing deductions
D Cannot claim a foreign tax credit for taxes paid on excluded income