- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@hp100 , from your post what I get is (a) you had acquired a foreign capital asset ( probably a residence )-- it is not clear how you acquired it -- a gift, inheritance, purchase or some other type of transaction; (b) you have disposed off the property ( house? ) at a gain; (c) you used the end-of-the year exchange rate to convert these tranasactiosn amounts to US dollars for purposes of reporting FATCA ( 8938), 8939 ( capital gain)-- schedule-D etc. ; FBAR ( form 114 at BSA-e filing / FinCen.gov ) and a 3520 ( why ? )
What is the question that you have . Also please provide more info including acquisition date, how acquired, how was the basis determined; when disposed off and of course the country concerned. I am assuming here that you are US citizen/Resident.