Hello
I saw above another customer mention foreign taxes involved in real estate sale as being relevant for a foreign tax credit.. Is that really the case? Can taxes paid as part of purchasing a property be used for a FTC?
I paid taxes in France related to (1) transfer and purchase of property (real estate purchase taxes) as well as (2) estate taxes or death duty on the death of a parent and finally (3) property taxes as the owner of a property ("taxe d'habitation" and tax "foncieres" in France). Are any of these allowed to be used to take a foreign tax credit? I somehow thought only income taxes could be deducted eg taxes paid on rental income from a foreign property or taxes paid on interest income in a foreign country. Thanks for advising
