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Deductions & credits
I have entered Sale in Wages and income - Proceeds and Fair market Value when previous owner passed away. And that difference is $10,000 which will be my Capital Gain in US from that sale.
But when entering Foreign Tax Credit - Other Gross Income, do I enter 10,000 (Capital Gain per US laws) or 50,000 (Capital Gains per India laws)
‎April 5, 2024
3:58 PM