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Adjustments on Capital Gains on Sale of Foreign Real Estate
Hi,
I sold land that I used as investment income (timber) in a foreign country. Can I deduct the following from the capital gains if it was not deducted from the reported gross proceeds?
•Seller’s fee
•Attorney’s fee
•Foreign capital gains tax (in addition to me claiming foreign tax credit)
Thank you in advance
December 29, 2022
2:27 PM