Namaste pk:
Thank you. Per your input, I will review it.
Also, I noticed in the form 1116, in Part I, section 1(a) it asks to enter "Gross income".
Does it mean, for example for a stock sale, do we need to enter
(Total $ Proceeds from the sale - Total $ cost / purchase price of the equity - $ Brokerage commission)
"or"
do we need to enter (Total $ proceeds - Total $ cost / purchase price of the equity) and enter the
$ Brokerage commission in Section 2
"or"
just Total $ proceeds from the sale.
I looked in the instruction and it does not state anything.
https://www.irs.gov/instructions/i1116#en_US_2023_publink11441fd0e4093
Namaskhar
