Alva124
Level 2
08-26-2021
12:18 PM
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I have a client that has an investment property in another country and incurred on a loss when selling it.
Would this be reported on SCH D?
Could he use the loss to offset domestic capital gains? Would the OFL (overall foreign loss) apply in this case?
Alva124
Level 2
08-26-2021
06:00 PM
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I am concerned that foreign capital losses may only be used towards foreign capital gains