Thank you very much for providing this tip.
I was not aware of this and all I was doing was to report it as an income but then take the credit for the foreign taxes paid by filling up the 1116 form.
IRS didn't raise issues with this approach with my most current tax filings.
I will try this method this year, obviously without taking the credit for the foreign taxes paid!
Would this method also be applicable to income coming from rent abroad where I also pay foreign income taxes?
Thanks a lot.
