investment expenses are not deductible. however you can clain the FTC on Capital gains but it must be done through the Foreign Tax section
deduction and credits tab>estimates and other taxes paid>foreign taxes click on update
did you pay foreign taxes .... click yes
have you already reported .........................click yes
click continue
tell us ............. check none apply
foreign taxes ............ click continue
deduction or credit .............. choose. all Foreign taxes must be taken either as a credit or deduction you can not take some one way and some the other
reporting click continue
no other income .............. click no
click continue twice or whatever
type of income . in this case passive
enter beeded info
finally you should see a page that says -other gross income
note for LTCG you may need to reduce the amount because of the maximum tax rate that applies - see form 1116 page 9
https://www.irs.gov/pub/irs-pdf/i1116.pdf
foreign taxes paid - various - make sure no is checked
enter the foreign taxes on the other income line
