How do I calculate FDII for my U.S. corporation that has both domestic and foreign customers?
My U.S. C-corp has $10 million in total revenue — $6 million from foreign customers and $4 million from domestic customers. Our total deductions are $7 million, and we have about $2 million in depreciable tangible assets. Can you walk me through the FDII calculation step by step? I want to understand how much of a tax benefit I'm looking at.
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