DaveF1006
Expert Alumni

Tax law changes

If you owned the the property you sold for more than a year, the amount of income you reported in the investment section of the return is long term capital gains.  You would record this amount in the section titled Let us know how much of the income you reported for the following country was qualified dividends or long term capital gain income. This should have no impact to your tax return.

 

if you owned the property less than a year, you would not record anything in this section.

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