I did find an exception to the adjustment . Adjustment exception. If you qualify for the adjustment exception,you can elect not to adjust your foreign source qualified dividends. You make this election by not adjusting these dividends.. If you make this election, you must elect not to adjust any of your foreign source qualified dividends. You qualify for the adjustment exception if the amount of your foreign source net capital gain, plus the amount of your foreign source qualified dividends, is less than $20,000 and one of the following applies to you.  

Does this mean that I can take the foreign tax credit even though no US tax is assessed on the dividends?