@dhirenk2003 , assuming that you are US citizen/Resident ( Green Card )/ Resident for tax purposes, you are taxed on world income.  Thus  sale of property/ asset is taxed  and therefore TurboTax will go through AMT questions ---  please tell me more about the sale of property:

1. How did you acquire the prop --- buy / inheritance

2. How did you use the property -- own residence / residence of relatives ( i.e personal use / 2nd home )/ rental income

3. when did you acquire , when did you dispose of the prop, did you sell to a relative or at arm's length

4. did you have to pay capitals gain  to the foreign taxing authority ( India ? ), and other expenses such as transfer taxes etc.   Note that some countries like India  uses indexing before computing capital gains and the longterm rules are different -- US does not use indexing  and therefore  capital gains  may be different  for US tax purposes.

Namaste

pk

Thanks for your response.

Here is my reply to your qs:

1. I bought the property(condo) when I was a resident of India. (20 years back) for my own residence.

    It was not a rental - locked and sitting there.

2. Sold in 2019- on the market.

3. I paid Long Term Cap Gains tax in India.

Thanks.