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Deductions & credits
Hi
Your tax issue is similar to mine (property in India sold in 2024).
My understanding, at least so far, is that Michigan State DOES NOT take cognizance of overseas tax payments in any other country except for Canada (maybe because that country is its northern neighbor). Hence, LTCG on sale of property in India will attract the usual 4.25% tax.
If your CPA has better luck, please keep everyone informed thru this community portal.
All the best.
‎January 12, 2025
8:56 AM