- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Yes, you should be entering the tax paid to Canada on the sale for a credit. In TurboTax, you will find this under "Estimates and other taxes paid in the Deductions & Credits section of the program.
You will need to re-enter the amount of the gain in this section as the "foreign income" to associate the tax paid with the income since TurboTax won't have the data from a prior entry. This will not result in the duplication of the income on your tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 28, 2020
1:58 PM