{
  "id": "CRED_RIC_FOREIGN_TAX_PASS_THROUGH",
  "name": "RIC Foreign Tax Credit Pass-Through",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "The RIC must make an election under Section 853 and provide a written statement to the shareholder reporting their share of foreign taxes and foreign source income.",
    "requires_entity_type": null,
    "min_age": null,
    "max_age": null
  },
  "parameters": {},
  "entity_specific": false,
  "entity_types": null,
  "conflicts": [],
  "actionability": {
    "retroactive_status": "deadline_passed",
    "retroactive_note": "Action required during tax year — verify if still applicable",
    "forward_status": "available"
  },
  "description": "Allows shareholders of a RIC to claim a foreign tax credit or deduction for their proportionate share of foreign taxes paid by the fund, provided the fund elects this treatment and holds more than 50% of its assets in foreign corporations.",
  "irc_reference": "IRC §853",
  "deadline": "",
  "savings_potential": "medium",
  "benefits": "investor",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}