@beanat70 , let me try and recreate your situation and come back to you.
However, I would like to point out the following:
(a) various is often a problem-- used to work in earlier years ( with the IRS that is ) -- now you need to use RIC -- "regulated investment company+ when they are investing in multiple countries -- especially since both entities you are talking about based in the USA and regulated.
(b) I am not sure I follow why the estate of a decedent gave a you K-1 with foreign taxes. I am imagining that the decedent, a US person had properties/assets in one or multiple countries, he/she had a last will & testament and all his assets were in a living trust with pour-over clause i.e. into the estate. Thus the Estate/Trust sells off everything, pays all the creditors of record, pays all taxes due ( including foreign taxes ) and then distributes the remainder to the beneficiaries. One reason for this is that the transactions are being done in respect of the decedent ( all disposition transfer or other taxes/ estate taxes/ capital gains taxes etc ) etc. ). Beneficiary claims are secondary to all these. The case of foreign income or gains taxes become even more important -- the estate can pay this as an expense against the income from disposition ----- beneficiaries do get the same benefit ---- foreign tax credit is limited in most cases / situations by ratio of foreign income to world income.
I am not a lawyer but just a lowly tax person -- perhaps you should talk to a lawyer familiar with international tax situations.
Excuse my verbosity
stay safe
pk
