Regina lives in a foreign country and is a U.S. citizen. She has both dividend income and interest income from countries outside the United States. Her foreign bank withholds 15% of her interest income for income taxes. She also pays foreign income taxes on her dividend income, at a rate of 45%. For the purposes of Form 1116, her dividend income should be classified as:
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Passive category income |
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General category income |
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Section 901(j) income |
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Lump-sum distributions |