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Thank you!
So are you familiar with form 1116? for 1a, it was asking for gross amount. I was wondering if it meant the sale price/proceeds or the net gain (sale proceeds - cost)?
Philippines government taxed me based on the zoning price and not my sale price which is lower than the zoning price. And I was surprised they didn't based it on the capital gains.
March 14, 2021
9:06 PM