nwouk
Level 1
12-07-2019
07:53 AM
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None of the answers on this site are relevant. Tax payer is a US citizen. Tax payer's tax home is another country. Tax payer's capital gains are in a US brokerage account reported on Form 1099-B. As I understand, sales of personal property are sourced to the tax payer's tax home. Is it correct for me to report the capital gains as foreign income on Form 1116?
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poolcleaner
Level 9
12-07-2019
07:53 AM
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Unless the capital gains are from non-US companies they would not be reported on Form 1116.
