I have a foreign capital gain from the sell of real estate in Canada. The gain was around $3,000 and the Canadian taxes on it were about $1,000. I do not see a way to enter this transaction into turbo tax. When I go into the foreign income credit section the only option is to choose a dividend from an investment account. The interview questions do not to relate to my situation. I did enter the gain in the investment income section. But there is no way to designate it as a foreign capital gain and tie the corresponding taxes paid in Canada for the tax credit to the gain.
Do I have to enter this manually on Form 1116 and omit the gain from the Investment Income section. If so how do I go about doing this? What would the category be for the gain (passive category, general, lump-sum distribution)?
Thx in advance.
