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abhimaraj
New Member

Does foreign capital gains income fall under the Income re-sourced by treaty category for tax credit

I have capital gains from a land sale in India. I have already paid taxes in India to the tune of 11,530$.

1 Reply
jontu
Level 1

Does foreign capital gains income fall under the Income re-sourced by treaty category for tax credit

Gain on the land sale is reportable on your U.S. return, and qualifies as foreign source income on Form 1116.
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