I am a U.S citizen , resident of India. I have capital gains in my brokerage account in the U.S. As per India taxes, I am liable to pay taxes to India for this category of Income. WIll I be able to take tax credit in USA for the taxes pain in India? If so, how to do in TurboTax>
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form 1116 passive category make sure to only include the net gain in India not the gross proceeds.
The Capital gain is in U.S and not in India. Should I pay taxes to India or U.S ? And then I can take credit. But which country should I pay first?
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