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May 6, 2025
Question

sold a 2nd home in Taiwan

  • May 6, 2025
  • 2 replies
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I reported a Taiwan 2nd home sale with both Schedule D and 1116. It looks like the capital gain was counted twice?

2 replies

rjs
May 6, 2025

Duplicate question. This is the third time you have posted the same question. Please do not post any more questions about reporting the sale of the home. If anyone is able to help you they will respond to your first post. It might take some time before anyone responds.

 

May 6, 2025

if it's only on the schedule d once it was only taxed once. being reported on the 1116 is only for purposes of calculating the allowed foreign tac credit.

May 8, 2025

Thanks. I got it.