Dusty2
Level 7

Does anyone have any idea about the Foreign Capital Gains category and what goes there. All of my input information is coming from a brokerage 1099. They do not break out the capital gains for the foreign securities held in the accounts. Are these considered foreign income? Of course, we have never considered them foreign income before.

Same with the asset values that we are to enter. Would those securities be considered "foreign"?

Someone will have to provide you with what Capital Gains were for foreign securities or you will have to review the statement security by security to make that determination.

I completed 1 and it was cumbersome.  Make sure you enter in ALL income on the partnership not just foreign.  Review each page (there are 20) and fill out all that apply in anyway to the information that you have.

Good luck

 

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