Thanks for reading my post. This is my first post here.
We own a land in a foreign country (purchased in 2012). we are selling the land now and moving the money to US. The sale was little complicated. We sold 1/6th of the land in Dec 2019 and the remainder in Feb 2020. If I combine all the sale together, I owe a minimum capital gains (about 1000 USD). The question is whether it is OK to report the sale as a whole in tax filing for the year 2020 or I have to report the sale in both years (2019 and 2020)?