flyoverfred
Returning Member

Deductions & credits

Hi PK

 

Thanks for the reply !

In answer to your questions:

A: GC holder, married, yes we owned the house together in the UK and was our only residence, we moved here 2009
B: acquired 2002, stopped living there Aug 2009. 

C: Property has been  let out for the majority of the time since Oct 2009 - we are selling to the current renters, hoping the sale concludes this year

D: Acquisition cost was 120K (uk), cost of improvements we estimate at 25k (uk). Sales price is 200K (uk). Cost to sell approx 3k (uk)
E: Tax return is final

thanks 🙂