Thanks @LoganathanB ! Appreciate it.
Now, after reading posts another question has popped up. As mentioned, this was rural agricultural land in India that we sold. Rural land is not considered as capital asset as per Indian rules so there is no capital gains as such. Since the proceeds from that sales were deposited in my NRO account and then transferred to my US account.
Question is - Do I need to worry about any sort of capital gains calculations using consumer index here in my US taxes? OR no issues since this transfer is from my account so no details need to be provided?
Thanks
