Foreign Property Sale Reconciler
Use this free local-browser workpaper to manually enter redacted sale facts and source references, reconcile gross proceeds to bank cash, and run automated evidence checks. No human approval is required. Nothing is uploaded or automatically extracted; the workpaper does not decide tax results.
Evidence organizer — not a tax result.
This workpaper organizes and reconciles facts you enter manually. It does not decide home-sale exclusion, foreign-tax-credit eligibility, basis, depreciation or any final U.S. tax result. Unsupported values stay blank. No document upload, payment or secure-document service is connected. Entries stay in browser memory and are lost when you leave or reload; use an export to keep a workpaper.
Enter facts from sources you hold. No files are uploaded or opened by this tool, and workpaper inputs are not autosaved.
Verification agent: agent:foreign-property-structure-v1
1. Scope and automated checks
Separate scope requiredCaps: one property, one sale year, up to 10 documents / 40 substantive pages. Metadata entered: 0 documents / 0 pages.
Checks run automatically as supplied facts change. No human approval is required.
The local rule agent checks dates, amounts, source-reference completeness and conflicts. It cannot open documents or authenticate their contents. Included basis items are candidates for a numerical scenario, not a determination of allowable tax basis.
Dated property-use history
Record documented dates and sources. A rental/mixed-use category requires a supplied, reviewed depreciation schedule. This workpaper cannot record the reviewed depreciation adjustment or produce a rental gain figure.
Scope screening answers
- Unresolved title needs a separate scope.
2. Sale and ownership
Ownership records
No ownership percentage is recorded.
3. Transaction-date conversion rates
Record each foreign-currency rate beside its sale, receipt or ledger item, in foreign units per 1 USD. Its date must match that item’s transaction date. A confirmed source and evidence status are required. FBAR year-end rates belong to a separate review and do not support these conversions.4. Basis, cost and tax ledger
5. Bank receipts
6. Document metadata (0/10)
Manually record the sources you hold and their page counts. These entries do not upload, extract or verify document contents.
7. Closing-to-cash bridge (USD)
Incomplete- Selling expenses: no supported amount recorded; enter a sourced zero if none applies.
- Foreign tax / withholding: no supported amount recorded; enter a sourced zero if none applies.
- Mortgage payoff: no supported amount recorded; enter a sourced zero if none applies.
- Net bank cash is a movement reconciliation only; it is not taxable sale proceeds.
- A mortgage payoff reduces net cash but does not reduce taxable gain.
- Withholding is a payment, not an allowable U.S. foreign tax credit until a verification agent determines eligibility.
Agent-checked candidate USD ledger
- the case is outside the version-one boundary
- ownership allocation is not agent-checked
- the accepted property-use category is not established
- agent-checked candidate basis evidence is incomplete
- the closing-to-cash bridge is incomplete
- required source records or clarifications are missing
Basis-evidence ledger
No basis items recorded.
Reporting questions for the evidence agent
This workpaper does not decide home-sale exclusion eligibility. A verification agent must test use, ownership and the applicable period against current authority.
A foreign-tax receipt is extracted as a fact only. It is not an allowable U.S. credit until a verification agent determines eligibility and any limitation.
Sale proceeds received in a foreign account may raise FBAR and Form 8938 questions. This workpaper flags the fact but does not decide reporting.
The use timeline is recorded as supplied. Any depreciation, recapture or business-use allocation requires a verification agent.
Converted amounts use transaction-date rates supplied with a source. Section 988 and rate-date questions require a verification agent.
No prior U.S. reporting was recorded; confirm whether the acquisition or rental was previously reported.
Agent task queue (8)
Identify the one property covered by this workpaper.
Record a supported sale year between 1900 and 2100.
Record the documented sale date before accepting this workpaper.
Confirm how the property was acquired (purchase, inheritance or gift) before acceptance.
Confirm whether the property was personal-use, rental or mixed-use, with dates.
No ownership percentage is recorded.
the original amount is not a confirmed fact
Unresolved title needs a separate scope.
Flags (4)
Keep researching
Review boundary: This workpaper organizes documented facts. Unsupported values stay blank, and basis, ownership and depreciation require an identified verification agent. It does not decide tax results.
Free inquiry · Written scope
Get a Filing-Plan Scope
For a fact-specific review, submit broad facts for the scope agent. A professional engagement has a separate written scope.