Yes, you are correct. I erred in my previous post declaring this general category income. To report this on your US tax return, you will need to report this in US dollars. Unfortunately, Turbo Tax does not make these conversions so you will need to be responsible for performing your own currency conversions.
As far as the far as the Form 1116 AMT, it sounds like you may be in an alternative tax situation. Form 1116 AMT limits the foreign tax credit you can claim if your income is subject to AMT. You may wish to view the following IRS source and look under the heading "Am I subject to the AMT". Also you may wish to view this link for additional information. The income from the sale of your house may have prompted the AMT activity in your return.
The Foreign Tax Credit is a non-refundable credit meaning that you may not claim a credit if your credit is greater than your tax liability for the year. On your 1040 return, compare Line 16 and line 24. If line 16 has an amount listed but line 24 doesn't, this means your tax liability is reduced to 0 and no more credit can be applied. Chances are though, some of your credit may be listed on line 20 of your 1040 and the rest listed as a carryover that will carryforward for the next ten years. You also may carry it back to 2022 if you reported foreign income on your 2022 return and paid foreign taxes on it.
[Edited 02/13/24|4:48 pm PST]
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