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Deductions & credits
I'm resident in the UK and I sold an inherited non primary home in the UK and paid UK capital gains taxes. In reporting the capital gains on my US return I can't see where I can get a credit or deduction of those CAPITAL GAINS foreign taxes. While it looks possible for earned income, it doesn't for Capital gains. Is it?
I'd appreciate any input from the community experts. Thank you.
‎November 18, 2021
9:33 PM