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Can Schedule B worksheet include foreign capital gains as well as dividends in the foreign tax in Sec F ?

linduca
Level 3

On 1099-B worksheet, Section F, line 7: Can mutual fund capital gains be included in foreign income amount?   Typically I have not included it, but am rethinking this...

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linduca
Level 3

I think I found my answer!~   The long-term capital gains can be included as part of the 1099-B worksheet, Section F, line 7.

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Just-Lisa-Now-
Level 15
Level 15

I can usually dig through the brokerage statement and find the foreign income amount....some put it right out in the open, others I have to add them up myself.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
linduca
Level 3

I, too, get the foreign income info and, also, sometimes look for it.  I was just wondering if when I do the tally if the cap gains can be reported in that calculation..

                        

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linduca
Level 3

I think I found my answer!~   The long-term capital gains can be included as part of the 1099-B worksheet, Section F, line 7.

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