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First I want to make sure that you know that you have to use the exchange rate at the date of purchase and then the exchange rate on the date of sale , and the difference in the USD amount between ex rate on the date of purchase and ex rate on the date of sale determines the gain/loss on the property for US taxes.
There is also a possible mortgage gain if you settled a mortgage with the sale of this property. This gain would be considered ordinary income. https://www.ustaxfs.com/foreign-mortgage-repayment-exchange-rate-gain/
To report your Indian tax paid on your gain for foreign tax credit:
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