Skip to main content
February 10, 2025
Question

I have fill out form 8949 and turbotax does not have that option. I do not have business. How can I do that?

  • February 10, 2025
  • 1 reply
  • 0 views
Sell of property in other country

    1 reply

    Employee
    February 10, 2025

    @pankajshah66 -- Namaste Pankaj ji.

    Need more info to be able to answer with any specificity:

    (a) Are you a US person ( citizen/ GreenCard/ Resident for Tax Purposes )/

    (b) How did you acquire the property ( bought, inherited or what ? )?

    (c) When did you acquire the property?  When did you dispose of the prop?

    (d) What type of property -- (residential or  land or what ?) ?

    (e) How was the prop. used during the holding period ?  Specifically if the property was used a income / rental then did you recognize the depreciation?

    (f)  Assuming that TDS was at 20%,  were you planning   the indexing or without indexing ?

     

    I am assuming that the property was in India ( a country with whom US does have a Tax Treaty ).

    Also  are yopu using a windows download  ( my favorite being Home & Business  for covering complex scenarios )?

     

    I will circle back once I hear from you .   You can also PM me  ( if uncomfortable answering on this public forum )