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Tax law changes
Thanks Laura..
As I indicated in the comment, I only incurred capital loss on the sale hence there is no foreign taxes paid.
Though you indicated that i have it all correct.. Can I get a specific comment on the following two items.. Thank you
Total amount paid
cost basis ( purchase price + purchase cost) using the exchange rate on the day of the purchase, correct ?
I can't add the agent fee and home improvement costs since unfortunately i don't have the records/evidences/invoices.. Is that correct ? What other form of records IRS for the items that i can't produce evidence/invoices
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paid sales expenses that aren't included in the sale proceeds reported on the form
Can I include cost like Air travel expense for me to travel to India to execute the sale ? Is this accepted by IRS ?