Choosing To Take Credit or Deduction
Choice Applies to All Qualified Foreign TaxesWhat Foreign Taxes Qualify for the Credit?
Tax Must Be Imposed on YouForeign Taxes for Which You Cannot Take a Credit
Taxes on Excluded IncomeSimple Example — Filled-In Form 1116
Part I—Taxable Income or Loss From Sources Outside the United States (for Category Checked Above)Comprehensive Example — Filled-In Form 1116
Forms 1116