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R
Rsud1
February 19, 2025
Question

How to enter TDS on sale of inherited property in India in Form 1116?

  • February 19, 2025
  • 1 reply
  • 0 views

 

1) Is gross income on Line 1a the sale proceeds minus TDS?

2)I received a partial refund on the TDS deducted during the sale of inherited property in India. Is that added to the gross income from foreign source on Line 1a?

 

    1 reply

    DaveF1006
    DaveF1006
    February 20, 2025

    No, gross income  is reported before TDS is deducted.  You would need to claim a foreign tax credit for the amount of tax that was not refunded to you.

     

    I see you are working on the credit now. Line 1A is gross income without the taxes paid out. Later in this form, it will ask for foreign taxes paid, here you will record the amount of  foreign tax not refunded to you.

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