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biny0111
Level 1

Subsection 20(12) deduction

Capital gain from US real property (personal use). Foreign tax credit amount was entered into FTC worksheet as foreign tax not linked with this form and it has auto-calculated for 20(12) deduction. Is this right to have 20(12) deduction for US real property sale?  I entered the capital gain on Schedule 3 and FTC form as Income not linked with this form under Non-business foreign income, real property section. I do not think 20(12) deduction is for capital gain from US real property.