@laks
Very generally the recognition of disposition of a foreign asset ( i.e. situated in a foreign country is the same as if the asset was located domestic. However, there are some ands, ifs and buts.
(a) Which country was the property located in?
(b) How ( purchase/ gift / inheritance etc. ) did you acquire the asset, when did you acquire the asset? When did you dispose off the asset ?
(c) How was the asset used ( as your main home / second home / rental property etc. )? Periods of use ?
(d) What is your immigration status ? If not a citizen, when did you enter this country and with which visa ?
Please answer my questions. I will circle back once I hear from. Note that if the answers get into regions that may not be of general interest or for reasons of privacy , you can PM me ( just NO PII -- Personally Identifiable Information, please ).
Look forward to hearing from you
