Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Foreign Tax Credit Workout

Qualifying Requirements

Skills Warm Up: Qualifying Requirements

Question 1 of 2

Anne is a U.S. citizen living in Japan. She listed wages, interest income, and dividend income on her U.S. tax return. She also had to pay taxes on each of these types of income to Japan. On which of the following sources of income may a foreign tax credit be computed?

Wages from her job in the U.S.
Interest income from a U.S. bank
Interest income from a Japanese bank
Dividend income from a U.S. corporation