Ireland imposes a tax on the net market value (less certain deductions) of the taxable assets of

Question:

Ireland imposes a tax on the net market value (less certain deductions) of the taxable assets of those individuals residing in Ireland. Although she is a U. S. citizen, Katherine has been residing in Ireland for the past five years. She owns property located in Ireland and property located in the United States. Much of her property consists of and bonds, but she also has large holdings of land in both countries. Does this Irish tax qualify for the foreign tax credit and/ or as a deduction for U. S. tax purposes? Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...