Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Where I report 1099 B received from foreign bank & the proceeds from sale of foreign stock? Is on Schedule D or on form 114?. Client is US resident & filing Joint return.

Highlighted
 
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 15

Schedule D (with or without the 1099-B)


ex-AllStar

View solution in original post

0 Cheers
3 Replies 3
Highlighted
Level 15

Schedule D (with or without the 1099-B)


ex-AllStar

View solution in original post

0 Cheers
Highlighted
Level 15

FinCen 114 and 8938 may also be needed.


ex-AllStar
0 Cheers
Highlighted
Level 15

If your client has foreign mutual funds, you will have to determine the filing position for PFIC and may need F.8621.

---------------------------------------------------------------------------------
Still an AllStar
0 Cheers