Thanks!
Per your response, it sounds like 25% of the income from Apr. 1, 2023- Mar. 31, 2024 i.e. Jan-Mar 2024 and 75% of the income from Apr. 1, 2024 - Mar. 31, 2025, i.e. Apr-Dec 2024 would go in 2024 US returns. Correct?
It is very hard to separate the interest received if it is not monthly.
Secondly, long term capital gains are on the sale of rental property, not stock.
Could the above formula be applied, i.e. applying 75% of gains in 2024 and 25% in 2025 US tax returns?
