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How do I report foreign tax paid on inherited foreign property sale?
I inherited a foreign property in India in 2014 and it was sold in 2018. I paid Indian taxes on my share of the income that was generated. How should I report the foreign taxes (in India) paid? There is a section for entering the tax information but that is for US taxes. Thanks!
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June 1, 2019
10:03 AM
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Deductions & credits
You can enter foreign taxes paid in the Deductions and Credit section of TurboTax under Foreign Taxes. This will enable you to get either additional itemized deductions or a Foreign Tax Credit to offset US taxes owed.
June 1, 2019
10:03 AM