@muralinn , For US tax purposes and for US persons there must be recognition of all world income, irrespective of source and type ( unless explicitly exempted ). There is, however, no requirement to recognize taxes paid to another / foreign taxing authority. It is the choice of the taxpayer.
Whereas , I stand by my earlier position and have no wish to argue with your "experts" , here are a few google search results that may be of interest ( of course without considering the effects of Tax Treaty :(
1.
Can I claim foreign tax credit on capital gains?
U.S. citizens and resident aliens, including green card holders, are eligible for the foreign tax credit. They can claim the FTC for foreign income taxes paid on both earned and unearned income, such as wages, dividends, interest, and capital gains.Oct 12, 2023
Foreign tax credit and Form 1116 explained
Thomson Reuters tax and accounting
2.
Foreign Tax CreditThis credit is a dollar-for-dollar reduction in your US taxes, ensuring that you aren't taxed twice on your capital gains. However, it's important to note that this credit applies only to foreign taxes paid on the gain and not to taxes on any other income.
How to Avoid Capital Gains Tax on Foreign Property
Greenback Expat Tax Services
