Thanks! I basically agree on the following however need to mention it seems TurboTax didn't split ordinary income and capital gain. It simply added accumulate depreciation with capital gain calculated the way you described it. Again, wasn't my decision. TurboTax asked how much depreciation accumulated and produced total number that I can easily check and it's everything combined. I'd prefer to leave it to TT.
The question I still have here if I can offset all this or part of this income with my foreign tax credit? As you see I'm not concerned about my ability to claim it's my main home (as it isn't). All that is pretty clear. But we clearly have income that I should pay taxed on. My most important concern is if I'm able to use foreign income tax credit accrued in 2017-2018 and carryovered to 2023 to offset all or part of this income....
