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Best answer by MargaretL

Foreign capital gain is entered the same way as domestic capital gain.

  1. Federal Taxes 
  2. Wages & Income
  3. Scroll down to Investment Income
  4. Select Stocks, Mutual Funds, Bonds, Other – indicate that you have not received form 1099-B and continue through the interview.

If you have any foreign dividends, enter them as if you have received form 1099-DIV. (the same applies to any foreign interest... enter it as if you have form 1099-INT... with foreign tax paid entered in their respective boxes).

1 reply

MargaretL
MargaretLAnswer
Level 12
June 6, 2019

Foreign capital gain is entered the same way as domestic capital gain.

  1. Federal Taxes 
  2. Wages & Income
  3. Scroll down to Investment Income
  4. Select Stocks, Mutual Funds, Bonds, Other – indicate that you have not received form 1099-B and continue through the interview.

If you have any foreign dividends, enter them as if you have received form 1099-DIV. (the same applies to any foreign interest... enter it as if you have form 1099-INT... with foreign tax paid entered in their respective boxes).

Level 2
June 6, 2019
Hi, While filing return online do we need to submit physical form 8948 to IRS for any foreign capital gains ? or any other kind of form we need to submit to IRS