@sac428 agreeing with my colleague @NCperson , the gain/loss computation on disposal of an asset ( foreign or otherwise ) is based on a number of items -- your basis, accumulated depreciation, sales price, sales expenses etc. etc. So it is not useful to hazard a guess based solely on sales price -- that is what @NCperson is trying to get across. Capital gain tax is also affected by your AGI without considering the Capital gain ( MAGI ).
So could you provide more info on your situation : which country is the asset located in, how did you use it . when did you acquire it and how, any depreciation allowable ( claimed opt not ) , when did you sell, was there any sales expenses ( such as sales preparation costs, commission, transfer tax, etc. i.e. expenses that you would not have incurred if you had not tried to sell / sold the asset .
Will circle back once I hear from you --yes ?
