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July 17, 2024
Question

Sale of investment property overseas

  • July 17, 2024
  • 1 reply
  • 0 views

What IRS forms do i need to fill in..selling non-rental investment property overseas. Bought land 3 years ago, constructed apartments (never rented) and sold this year. Besides taxes paid to foreign country, can i claim commissions as well as travel related expenses back and forth? Which turbotax product best suited?

    1 reply

    Employee
    July 17, 2024

    @richardR1 wrote:

    Which turbotax product best suited?


    You can use any desktop TurboTax version (e.g., Deluxe, Home & Business).

     

    If you want to prepare your return using an online version of TurboTax, you will have to use TurboTax Premium.