Hi PK,
Answers to your questions and some additional info that might be helpful:
1) US Citizen as is my husband (filing jointly)
2) Capital gain is for sale of mutual funds and stock
3) Country where assets were sold = Denmark. Denmark taxes capital gains at 42%. These taxes will be paid directly to the Danish tax authorities
4) The expected capital gain income is $85,000 (before Danish taxes). Not sure what capital gains tax rates would apply for this amount
5) We no other capital gains to report
6) I have a $9,000 foreign tax credit carryover from 2018
Let me know if you need any additional information.
Vicki
