PKT
Level 2

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Hello drc845443, 

Thank you very much for your suggestions. The valuation of Fair Market Value at the time of Inheritance was received in foreign currency. For the conversion from foreign currency to USD, is applied to the Capital Gain amount?  

The currency conversion rate used from the year of inheritance, or the date of property sold? and it applied to capital gain?

Is TurboTax software calculating and apply Tax credit paid in foreign country?