Publication 514, Foreign Tax Credit for Individuals
This publication discusses the credit or itemized deduction you may be able to take if you paid or accrued foreign taxes to a foreign country on foreign source income and you are subject to U.S. tax on that same income. Taken as a deduction, foreign income taxes reduce your U.S. taxable income. Taken as a credit, foreign income taxes reduce your U.S. tax liability.
Other Items You May Find Useful
Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad
Publication 519, U.S. Tax Guide for Aliens
Publication 544, Sales and Other Dispositions of Assets
Publication 570, Tax Guide for Individuals With Income From U.S. Possessions
Comment on Publication 514
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