Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
TaxV2018
New Member

How do I report foreign tax paid on inherited foreign property sale?

I inherited a foreign property in India in 2014 and it was sold in 2018. I paid Indian taxes on my share of the income that was generated. How should I report the foreign taxes (in India) paid? There is a section for entering the tax information but that is for US taxes. Thanks!

1 Best answer

Accepted Solutions
JShaw1
Level 2

How do I report foreign tax paid on inherited foreign property sale?

You can enter foreign taxes paid in the Deductions and Credit section of TurboTax under Foreign Taxes. This will enable you to get either additional itemized deductions or a Foreign Tax Credit to offset US taxes owed.

View solution in original post

1 Reply
JShaw1
Level 2

How do I report foreign tax paid on inherited foreign property sale?

You can enter foreign taxes paid in the Deductions and Credit section of TurboTax under Foreign Taxes. This will enable you to get either additional itemized deductions or a Foreign Tax Credit to offset US taxes owed.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~