atif1040
Level 3
04-12-2020
05:48 PM
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Hi itonewbie
Can you please confirm if I am doing it right:
| Mortgage at the beginning at April 2011 | 1,129,685.00 | 0.6432 | 1,756,351.06 | |
| Mortgage at the closing at 31 dec 2019 | 793,065.25 | 0.784 | 1,011,562.82 | |
| Gain on Foreign Mortgage | 744,788.24 |
I would report $744,788 on line 21, is this correct? Is this also subject to NIIT Form 8960? if yes, on which line? the last question, do I need to calculate the gain on his monthly payments he made in all these years?
