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Level 1
April 7, 2020
Question

Canada Gains

  • April 7, 2020
  • 1 reply
  • 13 views

In 2019 our family transfered our Canadian property to our children.  This cost us big capital gain to Revenue Canada.  Am I able to deduct this or a tax credit on my 1040.

    1 reply

    Level 7
    April 7, 2020

    Check out options for US taxes at TurboTax.com:

     https://turbotax.intuit.com/personal-taxes/online/

    And TurboTax US community 

    https://ttlc.intuit.com/community/turbotax-support/help/03/313

     

    I hope this was helpful