Suspension of taxes and credits until related income taken into account

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Title 26—INTERNAL REVENUE CODE > Subtitle A—Income Taxes > CHAPTER 1—NORMAL TAXES AND SURTAXES > Subchapter N—Tax Based on Income From Sources Within or Without the United States > PART III—INCOME FROM SOURCES WITHOUT THE UNITED STATES > Subpart A—Foreign Tax Credit

This text was captured on Sep 16, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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If there is a foreign tax credit splitting event with respect to a foreign income tax paid or accrued by the taxpayer, such tax shall not be taken into account for purposes of this title before the taxable year in which the related income is taken into account under this chapter by the taxpayer.

(Added Pub. L. 111–226, title II, § 211(a) , Aug. 10, 2010 , 124 Stat. 2394 ; amended Pub. L. 115–97, title I, § 14301(c)(29) , (30), Dec. 22, 2017 , 131 Stat. 2224 .)

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