- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
What is the "seller's fee?" As mentioned most costs of a sale are deductible or increase your basis.
Not sure if you can use foreign capital gains tax to offset the gain. That doesn't feel right given the foreign tax credit (FTC). I'm certain that you can't do both.
If the proceeds were deposited into a foreign bank account that you controlled, you make need to file an FBAR if the balance at any time exceeded $10k USD.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎December 31, 2022
2:44 PM