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Deductions & credits
You only would be able to claim a foreign tax credit on the sale for any foreign income taxes paid. Any VAT or sales tax paid on the property would not be considered foreign income tax and would be netted against the sales proceeds being reported.
Here is a link to the IRS website on what foreign taxes qualify for the foreign tax credit (all other taxes that do not qualify can be considered a selling expense) - <a rel="nofollow" target="_blank" href="https://www.irs.gov/individuals/international-taxpayers/what-foreign-taxes-qualify-for-the-foreign-t...>
Here is a link to the IRS website on what foreign taxes qualify for the foreign tax credit (all other taxes that do not qualify can be considered a selling expense) - <a rel="nofollow" target="_blank" href="https://www.irs.gov/individuals/international-taxpayers/what-foreign-taxes-qualify-for-the-foreign-t...>
‎June 4, 2019
10:20 PM