申報but you may take credit or deduction

To choose the foreign tax credit, you generally must complete Form 1116, Foreign Tax Credit and attach it to your U.S. tax return. However, you may qualify for an exception that allows you to claim the foreign tax credit without using Form 1116. Refer to How To Figure the Credit. To choose to claim the taxes as an itemized deduction, use Schedule A (Form 1040), Itemized Deductions.

You must express the amounts you report on your U.S. tax return in U.S. dollars. If you receive all or part of your income or pay some or all of your expenses in foreign currency, you must translate the foreign currency into U.S. dollars. For information about converting foreign currencies to U.S. dollars refer to Foreign Currency and Currency Exchange Rates.

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• the foreign tax credit is for foreign income, this case is not i -檸檬椰子汁- ♂ (150 bytes) () 03/20/2015 postreply 10:33:56

• isn't investment income counted as income ? -慧惠- ♀ (103 bytes) () 03/20/2015 postreply 10:52:21