All income is taxable to US residents so you will need to declare this sale of property on your US tax return. You'll enter it on schedule D by scrolling down in TurboTax's wages and income section to 'Investment Income'. Click start next to "Stocks, Cryptocurrency, Bonds, Mutual Funds, Other". (Your sale is the Other) Go through the steps and enter all of the information about the sale here.
Then you need to enter the taxes that you already paid. You will receive a foreign tax credit for the amount already paid to India so that you are not required to pay that amount again. You'll go to the deductions and credits section and scroll down to 'Estimates and Other Taxes Paid' and click start next to 'Foreign Taxes'. Then follow the steps there.
@deepakkhat
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
