@hp100 , please tell me more about the situation. As I understand from your post:
(a) you a US person ( citizen/ Green Card/ Resident for tax purposes ) own realestate in a foreign country ( which country ? ).
(b) you paid gains taxes to the foreign country ( is it gain on transfer of the property or did you dispose off the property ? )
(c) recognized the property ( disposal ) on US taxes and took credit for foreign taxes paid
(d) review of the return raises question as to the tax rate used .
As you can see from the above , I am not sure which scenario we are talking about the answer obviously would depend of the exact facts and circumstances ( also note that the basis for gain computation in different countries may not be the same as in the USA).
So please tell me more about the situation first and then I can be more specific about the answer --please
pk
