pk
Level 15
Level 15

Get your taxes done using TurboTax

@girigiri , please accept my apologies for delayed response.   I see from the notes on your particular notes  that 

   (a)  first for the US  2022 return you  would have to   cover the earnings  ( dividend and interests  earned  in calendar year 2022-- thus  you have to add the  earnings for the months  Jan  - March 2022  and delete the entries  for the same months  of 2023 ( as  shown on your post/table ).

 (b) You then have to  create / compute average  taxes  for  India's tax year  2022 + 2023 to come up with a defendable figure  per US dollar  of interest / dividend  income -- you then apply to the total of interest & dividend earnings attributable for US ta year 2022.  This is best approximation  you can get.

(c)  Once you have these figures under control, you n ow can allocate  the total taxes paid to India for the  Interest and dividend  incomes  for the tax year 2022.

(d)  Now , for the Capital  gains  --- you have  create a schedule D to enter the stocks/bonds that you sole  during the year 2022 --- you need  the name of the assets  you  sold , when bought, basis ( how much you bought these for  including any commissions, how much you sold the lot for less any expenses  such as commissions etc.   ---   and of course the taxes that you paid  on this  ( you may have to allocate  based on average tax rate ).  

 

Does this make sense ?   Is there more I can do for you?

 

Namaste ji

 

pk