lovely_bala
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Thanks Laura..As I indicated in the comment, I only incurred capital loss on the sale hence there is no foreign taxes paid.Though you indicated that i have it a...
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Simple formula ... purchase price + cost to buy + improvements + cost to sell = cost basisProof of costs are only needed in the case of an audit later.Understan...
Activity Feed for lovely_bala
- Got Cheered for reporting sale of foreign property (second home) in Turbo Tax Online. ‎October 16, 2023 10:09 PM
- Cheered Re: reporting sale of foreign property (second home) in Turbo Tax Online for Laura_CPA. ‎September 28, 2022 7:28 PM
- Posted Re: reporting sale of foreign property (second home) in Turbo Tax Online on Tax law changes. ‎September 28, 2022 3:59 PM
- Posted reporting sale of foreign property (second home) in Turbo Tax Online on Tax law changes. ‎September 28, 2022 1:39 PM
- Posted Re: Establishing Cost-Basis in Foreign Real Estate on Get your taxes done using TurboTax. ‎September 19, 2022 7:08 AM
- Posted Establishing Cost-Basis in Foreign Real Estate on Get your taxes done using TurboTax. ‎September 18, 2022 7:58 AM