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How to report sale of two foreign real estates (personal property) realized during the same tax year, one with a gain and the other at a loss?
Me and my siblings sold two foreign real estates (houses) during 2020, which we owned jointly as personal property, with a capital gain on one of them and loss on the other.
How can I report my share of the capital gain and loss in my 2020 tax return so that I pay taxes on the difference?
Many thanks
‎February 9, 2021
5:44 PM