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April 14, 2025
Question

Reporting capital gain on land sale overseas in Federal and California returns

  • April 14, 2025
  • 1 reply
  • 0 views

While the message has be reposted to a more appropriate board, I'd still appreciate help on this board 

:

I have a similar question as 

https://ttlc.intuit.com/community/taxes/discussion/reporting-capital-gains-on-sale-of-land-in-india-...

It was a different country.

And also 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/foreign-tax-credit-california-di...

 

I want to know whether the Foreign taxes paid can be included in the expense for Federal and California returns in TurboTax. Thank you.

Best,

JS

    1 reply

    April 25, 2025

    Your foreign taxes are a deduction on your federal return.  But, as the thread that you posted points out, California does not give you a deduction for the foreign taxes.

     

    @mjls 

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