Question

I have capital gains from inherited foreign property sale and paid foreign tax. What is Adjusted basis of invest. assets generating foreign income on 1116 line 4b(1)b?

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Employee

The adjusted basis is the fair market value of the inherited foreign property on the deceased person's date of death.

where is 4b(1)b in 1116 ?, I do not see.

Are you asking about line 4b on Form 1116, Other interest expense?

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