topic I have capital gains from inherited foreign property sale and paid foreign tax. What is Adjusted basis of invest. assets generating foreign income on 1116 line 4b(1)b? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-capital-gains-from-inherited-foreign-property-sale-and-paid-foreign-tax-what-is-adjusted/01/358280#M44853 Mon, 03 Jun 2019 20:54:41 GMT smatange 2019-06-03T20:54:41Z I have capital gains from inherited foreign property sale and paid foreign tax. What is Adjusted basis of invest. assets generating foreign income on 1116 line 4b(1)b? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-capital-gains-from-inherited-foreign-property-sale-and-paid-foreign-tax-what-is-adjusted/01/358280#M44853 Mon, 03 Jun 2019 20:54:41 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-capital-gains-from-inherited-foreign-property-sale-and-paid-foreign-tax-what-is-adjusted/01/358280#M44853 smatange 2019-06-03T20:54:41Z The adjusted basis is the fair market value of the inheri... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-adjusted-basis-is-the-fair-market-value-of-the-inheri/01/358290#M44854 <P>The adjusted basis is the fair market value of the inherited foreign property on the deceased person's date of death.</P> Mon, 03 Jun 2019 20:54:42 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-adjusted-basis-is-the-fair-market-value-of-the-inheri/01/358290#M44854 CarolynM 2019-06-03T20:54:42Z Re: I have capital gains from inherited foreign property sale and paid foreign tax. What is Adjusted basis of invest. assets generating foreign income on 1116 line 4b(1)b? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-have-capital-gains-from-inherited-foreign-property-sale-and-paid-foreign-tax-what-is-adjusted/01/1319473#M138624 <P>where is 4b(1)b in 1116 ?, I do not see.</P> Sun, 15 Mar 2020 17:19:02 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-have-capital-gains-from-inherited-foreign-property-sale-and-paid-foreign-tax-what-is-adjusted/01/1319473#M138624 hp100 2020-03-15T17:19:02Z Re: I have capital gains from inherited foreign property sale and paid foreign tax. What is Adjus... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-have-capital-gains-from-inherited-foreign-property-sale-and-paid-foreign-tax-what-is-adjus/01/1324053#M139102 <P>Are you asking about line 4b on Form 1116, Other interest expense?</P> Mon, 16 Mar 2020 18:37:56 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-have-capital-gains-from-inherited-foreign-property-sale-and-paid-foreign-tax-what-is-adjus/01/1324053#M139102 KarenJ2 2020-03-16T18:37:56Z