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Investors & landlords
Hi @shibupillai ,
This was really useful. Can you also tell what you figured out for which years to use for distributing the excess distribution --
Is it from year of purchase to year of selling? Or,
Is it from year of becoming US tax resident to year of selling?
Did you use any tool to do the calculations as it seems quite daunting?
Also regarding how to report in turboTax -- So the tax needs to be reported using tax worksheet of both "Form 1040 Line 12A" as well as "Schedule 2 -Additional taxes" ?
Thanks again for the useful post.
‎July 12, 2020
5:52 PM