pk
Level 15
Level 15

Deductions & credits

Are you a US citizen / permanent resident ( green card ) / resident for tax purposes  or ... ?

In the case of citizens and residents US taxes you on world income and  in US$. Thus  if you dispose a property abroad,  you report all the details ( acquisition cost, improvents, depreciation, sales expenses  and sales price etc. ) in US $ of the day ( or yearly average exchange rate published by the US Treasury ).

If there is more on this , please add to this  thread and one of us will comem back and help you