itonewbie
Level 15
02-19-2024
04:05 PM
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In your case, your client apparently doesn't have any capital loss that would necessitate an adjustment.
Question then is whether your client's ordinary income is within the 24% bracket and whether the capital gains from India is less than $20k. If it's affirmative for both, there's no need to make any adjustment.
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Still an AllStar
Still an AllStar