Please advise how to claim credit for Taxes paid abroad on sale of "Personal Use Property" abroad and report Capital Gains.

[TurboTaxTerry · Accepted solution]

You can report your total Capital Gain and foreign tax under the "Income" tab > "T-slips" "Foreign Income" (bottom of the list) in Canadian currency. When entry the "Capital Gain" note that the software will report only 50% of the amount you enter in the "Foreign Capital Gains or Losses" input box. Then provide the amount of tax withheld and the country this transaction occurred in.