In 2019 I was part of the sale of a timeshare in Canada. I was required to file with the Canadian Revenue Dept. for the sale of the property and pay taxes on my portion of the sale.
The money from the sale will be received in March of 2020. I understand that I pay US tax on the money received for the sale and can claim a deduction for the foreign tax paid.
For my taxes, is this a 2019 or a 2020 transaction.
Thanks.
