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Get your taxes done using TurboTax
Thank you very much for your response. You are correct TT is not recognizing the capital gain as foreign.
Bought the place in 2016 in Mexico. It is truly a 2nd/vacation home, not my primary residence. Have never rented it. Sold it in 2019. I paid capital gains taxes to the MX government.
I entered it as Income/Investment/Sale of 2nd Home in TT. I did not see a way to tell TT that this was a foreign sale.
When I try to enter the "Foreign Tax Credit", it says that I have to create a foreign income first. This is where I am getting stuck.
Any assistance/guidance you can provide would be greatly appreciated.
Thanks.
‎April 18, 2020
5:49 PM