To claim the foreign tax credit, file IRS Schedule 3 on your Form 1040; you may also have to file Form 1116 [0] Federal: $79 to $139. Free version available for Simple Form 1040 returns only.

Internal Revenue Service. "Foreign Tax Credit—How to Figure the Credit." Internal Revenue Service. "Instructions for Form 1116, Foreign Tax Credit (Individual, Estate, or Trust)," Page 23.

However, the foreign tax credit is subject to certain limitations ... You may want to consult a tax expert when filling out forms like Form 1116, which the IRS requires (in many circumstances ...

While the AMT limits certain deductions and credits, it does allow a portion of the foreign tax credit to reduce U.S. tax liability. However, specific rules govern how much of the credit applies ...

Taxpayers must report these final figures on IRS Form 1116, which is submitted ... Utilizing the foreign tax credit carryback and carryover provisions to apply unused foreign tax credits to ...