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Foreign Tax Credit on sale of home in India
I sold my apartment in India in 2023. I have paid 24% tax on the sale price of the apartment at the time of sale. In the US I have to pay 15-20% tax. How do I claim foreign tax credit using Turbo Tax Software 2023.
Further, is capital gain tax calculated after deducting $89,250 Married filing jointly (since $0 - $89,250 is at 0%)
Thanks
‎January 21, 2024
6:15 AM