tax will be required to include in gross
income (in addition to
taxable dividends actually received) his or her pro rata share of the foreign taxes paid by a Fund, and may be entitled either to deduct (as an itemized deduction) his or her pro rata share of foreign taxes in computing his or her
taxable income or to use it as a foreign tax credit
against his or her U.S.
federal income tax liability, subject to certain limitations.