Skip to main content
February 28, 2023
Question

I ownerd a property in another Country. I sold it last year, how should I report it in my tax returns?.

  • February 28, 2023
  • 1 reply
  • 0 views
No text available

1 reply

February 28, 2023

Was this an investment property or a home you lived in?

 

If it was a home you lived in you would enter the sale by clicking on the following:

  • Federal
  • Income
  • Show more next to Less Common Income
  • Start next to sale of your main home
  • Then walk through and enter the amount your portion of the sale and expenses

 

If this was an investment property, you would enter it by clicking the following:

  • Federal
  • Income
  • Show More next to Investment Income
  • Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) 
  • Then walk through the questions and enter your share of the sale and expenses. 
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"