Using your example - the total distribution is $20,000 and the taxable amount is also $20,000.
Enter them in USD and use the exchange rate for the date that you received the money (or as close to it as possible).
The amount of foreign tax that you can deduct is the amount of tax that you pay. You say they withheld $5000 but that isn't the actual tax bill. You need to figure out the actual tax that you are paying out of that $5000 and then enter that as your deduction amount.
@Cutesy
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