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mjls
Level 2

Reporting capital gain on land sale overseas in Federal and California returns

While the message has be reposted to a more appropriate board, I'd still appreciate help on this board 

:

I have a similar question as 

https://ttlc.intuit.com/community/taxes/discussion/reporting-capital-gains-on-sale-of-land-in-india-...

It was a different country.

And also 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/foreign-tax-credit-california-di...

 

I want to know whether the Foreign taxes paid can be included in the expense for Federal and California returns in TurboTax. Thank you.

Best,

JS

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1 Reply
RobertB4444
Expert Alumni

Reporting capital gain on land sale overseas in Federal and California returns

Your foreign taxes are a deduction on your federal return.  But, as the thread that you posted points out, California does not give you a deduction for the foreign taxes.

 

@mjls 

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