Inherited the land in 2022 and sold it in 2022, how do you report the sale proceeds received and taxes paid in India at the sale?

The past posts for Tax Year 2019 suggested Turbo Tax selection does not match what we see in Turbo Tax for 2022.

What value is the cost basis for this land, as it was inheritance.,?

The cost basis of inherited property is generally one of the following:

The fair market value (FMV) of the property on the date of the decedent's death (whether or not the executor of the estate files an estate tax return (Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return)).
The FMV of the property on the alternate valuation date, but only if the executor of the estate files an estate tax return (Form 706) and elects to use the alternate valuation on that return. See the Instructions for Form 706.

You can claim a foreign tax credit on income taxes paid.

Type foreign tax credit in Search (magnifying glass) in the upper right corner
Select Jump to foreign tax credit
Complete the screens to claim either the credit or deduction

Transfer taxes are not deductible. You can add any of those taxes to your cost basis.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"