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Deductions & credits
Thanks PK. It clarified my question. Mine was sale of personal real property. My mistake I try to put it in a wrong basket altogether.
AND most importantly --My current issue is -( as posted in other thread) As I sold real property will it be subject to 'Adjustment to Line 1 a of form 1116 ' amount as in case of "qualified dividends and Gains'?
(Mine NOT qualified dividends and gains nut LTCG from sale of property).
Thanks for your time and advise. I await for reply.
‎September 8, 2023
11:32 AM