Question for: Jan 27, 2024
In 2023, if a U.S. taxpayer wished to claim the foreign tax credit on allowable foreign taxes paid to a foreign country or U.S. possession which totaled more than $300 or more than $600 if married filing a joint return, what four-digit IRS form would that taxpayer use?
Clues
Possible QScores
0
66.67
36.67
18.33
Answer Breakdown
| Total | 0 | 1 | 2 | 3 | |
|---|---|---|---|---|---|
| Won | 49 | 0 (0%) | 20 (41%) | 18 (37%) | 11 (22%) |
| Lost | 11 | 2 (18%) | 3 (27%) | 5 (45%) | 1 (9%) |
| % of Participants | 3% | 39% | 38% | 20% |
Most Common Incorrect Answer
| Answer | Count |
|---|---|
| “1114” | 2 |