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Scenario : International Tax Foreign Tax Credit Deep Dive Wages earned while living abroad: $ Qualifies for the Foreign Earned Income Exclusion Foreign income taxes paid: $ Interest and Dividend Income USbased: $ Itemized Deductions: $ Allowable deduction for selfemployment tax: None Calculate: AGI, Taxable Income Foreign Tax Credit consider limitations based on type of foreign income Total tax liability, and analyze the effectiveness of the credit in eliminating double taxation.
Scenario : International Tax Foreign Tax Credit Deep Dive
Wages earned while living abroad: $
Qualifies for the Foreign Earned Income Exclusion
Foreign income taxes paid: $
Interest and Dividend Income USbased: $
Itemized Deductions: $
Allowable deduction for selfemployment tax: None
Calculate:
AGI, Taxable Income
Foreign Tax Credit consider limitations based on type of foreign income
Total tax liability, and analyze the effectiveness of the credit in eliminating double taxation.
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