It depends. You may not be able to take advantage of the foreign tax credit this year and thus the amount of foreign tax paid may be a carry over.
Your foreign tax credit cannot be more than your total U.S. tax liability multiplied by a fraction. The numerator of the fraction is your taxable income from sources outside the United States. The denominator is your total taxable income from U.S. and foreign sources.
Whatever is not claimed this year, you may have a foreign tax carryover, which means You can carry back for one year and then carry forward for 10 years the unused foreign tax.
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