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How do I report an inherited foreign property sale in 2018?Based on value at bequest this was a loss. I transferred the proceeds in 2019.
In 2018 I sold a property I had inherited in 2008. Based on the estimated value at the time I became the owner (death of bequeather) the sale resulted in a sizable capital loss. The proceeds of the sale were transferred into USD in 2019. In 2019 I also paid for an estimate of the value of the property at the time of bequest. Should I subtract this expense from the net proceeds of the sale?
Do I report it all in 2018?
Do I report it all in 2018?
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‎August 6, 2019
12:13 AM