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Reporting Canadian capital gain taxes
Canadian property was inherited by wife in 2022 and will be sold in 2023.
She has half share with her sister who is a canadian citizen living in Canada and agrees to sell the property.
For our share are the proceeds after costs/Cap gains taxes need to be paid to Canada?
I am a US citizen living in the USA with my wife who is a Canadian citizen/US permanent resident.
Would i be able to enter this sale in TurboTax? If i do pay cap gain taxes to Canada, is there a way to report that in turbotax and get credit for the taxes paid to Revenue Canada?
‎November 16, 2022
10:03 AM