Hi PK,
Thanks for the help for so far.
I am not able to post this as separate question in TT.Some how it is not giving me chance.
Form 1116 Line a--Basic question.
Line 1 a adjustments -depends on tax rate that applies to individual case for 'Qualified dividends AND CAPITAL gains' and section 1251 and section 1239 Gains .
Does this adjustment stipulation covers LTCG on Real Property.?
This is since the documentation mostly it revolves around --Qualified dividends and capital gain Distributions understanding is LTCG for real property sale will not relate to the above "capital gain distributions'
Many thanks in advance for your answer.
(And I was suggested previously by experts that I may ask CPA. But few CPAs I spoke have not with knowledge of this forum experts--on FTC. experts like you ,Mike and Rogge has better knowledge than many. That is why I am posting here for help.)
