"If I take a $2,000 taxable distribution from my (non Roth) IRA can I take the total foreign taxes paid of $150 from 1099 as a credit on 1040?"
If you are referring to foreign taxes paid by your IRA, no, you can't take as a credit on your individual tax return the foreign taxes paid. The only way that foreign taxes paid by your IRA could be taken as a credit would be on line 46a of the IRA's Form 990-T if the IRA was required to file that form because the IRA had a sufficient amount of Unrelated Business Taxable Income (UBTI).
