SHARON B
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Is the gain after the $500,000 exclusion? Did you adjust the basis to basis upon the wife inhriting property?
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HELP! Client earned 300,000 in US Jan thru Oct. Earned 23,788 US dollars in Hong Kong for balance of year. How do I report income from China? Using exclusion form he does not qualify for exclusion, but if that is the case is the China money taxable here? It is a Chinese company not US owned. No w2 given..