Dividends on stocks held in foreign accounts - Qualification and Tax question

[josepha01]

I have some stocks in a foreign account (in my home country). It is a passive account with no active trading for a few years. 

However, I get a few dividend payouts on the stocks that I have on this account. I currently report the income AS IF i had received a 1099-DIV on box 1a.

Query 1.

However, considering these stocks have been held for more than a year, can they be treated as Qualified Dividends?

Query 2.

I am pretty sure I will be taxed in my home country. I will most likely be filing the taxes of the country where this income was earned after the US tax is filed. Can I still claim a foreign tax credit for this ?

Query 3.

Is there any other test to qualify for the tax credit to avoid double taxation?

[ThomasM125]

The holding period of the stocks would not be the key to treating them as qualified dividends. That would have more to do with if the companies are also incorporated in the United States, if the securities are traded on US stock exchanges and if there is a qualifying treaty . You can learn more about qualified dividends here:  Qualified Dividends

You can claim the accrued foreign taxes in 2022 even though you don't pay them until 2023.

You can only use the foreign tax credit in the current year to the extent of your US income tax that was the result of foreign income. However, you do get an automatic credit of up to $300 (single filer)  or $600 (married-joint filer) if your foreign taxes paid on dividends are not more than those amounts.