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Deductions & credits
One more thing to note @pk is that this is the first year the treatment is as resident for tax purposes. So there was no 8621 filed in previous years. And this year the sale has ensured that there are no more assets abroad anymore as of the year end. So what is the simplest way to pay taxes on the profit? Even if it is not the cheapest, that is fine.
I am still confused about 8621 vs. Schedule D (8949) based declaration.
March 22, 2025
12:39 AM