you can't take the foreign tax credit on the muni bond fund since that income is exempt from federal taxation
some taxpayers may need to adjust the amount of foreign-sourced dividends if they are qualified dividends.
See instructions for Form 1116 adjustment exception beginning on 10. read line 2 first because that may tell you quickly whether you are exempt from the adjustment
https://www.irs.gov/pub/irs-pdf/i1116.pdf
