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Where do I enter foreign taxes paid under DTAA "Double Tax Avoidance Agreement" in India. This was for a second home sale.

I Purchased a second home in India for personal use in 2002  and sold it in 2018 and paid taxes on the sale of the property in India, under the DTAA agreement with the US.

DTAA "Double Taxation Avoidance Agreement"  I did enter the taxes in the sale of home caption and also the taxes I paid in India, is that okay or is there another area for me to add this sale.

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1 Reply
Anita01
New Member

Where do I enter foreign taxes paid under DTAA "Double Tax Avoidance Agreement" in India. This was for a second home sale.

Sale of a second home just goes under Investment Income.  You would use the first category, stocks, bonds, mutual funds funds and Other. Gains on the sale of a second home are taxable but losses are not deductible. If you entered it under Sale of Home you need to delete that, along with foreign tax information.  That's for a primary residence.

Go through the foreign income interview by entering the words foreign income in the Find window on the upper right, hit enter, then the Jump To that appears.

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