Yes, use the trust's name and EIN for question #1. Those dividends qualify for a qualified business income deduction.
In the year the foreign tax credit is generated, the credit may be allocated to beneficiaries or be used against the estate or trust tax liability. Any unused carryover may be used only against a future estate or trust tax liability but is no longer available for allocation to beneficiaries. Any unused foreign tax credit carryover expires at the estate or trust termination. Only the trust can claim the carryover amount.
Related topic: 1041-US: Form 1116 FAQs
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