Yes, only actual cost paid for the properties would be allowed as your cost of the properties (initial purchase price, acquisition cost and capital improvements over the years).
It depends on your tax situation whether the deduction or credit will work out best. Try both ways, the choose the method that provides the best results.
If you have completed the tax in India, and you have included the sale(s) in your India tax return, then you answer 'Yes' it has been reported.
@punjun2019
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
