pk
Level 15
Level 15

Get your taxes done using TurboTax

@timbonicus , my apologies for having missed this one --

 

The situation as I see is 

(a) You a US person ( citizen / Green Card ), worked  abroad ( Sweden )

(b) Your  company stocks vested while you were a resident of Sweden and you have now sold these

(c) Sweden has  taxed this gain

What I cannot see from this info  is whether you were a US person when the vesting occurred , when the sale  occurred or?  What I am trying to determine is whether this sale comes under US taxation at all.-- please send me some details if you can.  If you are (then and now) a citizen, then the questions go away.

The problem you are having is the  recognition of the transaction ( sale of the stocks ) and the treatment of the foreign tax on this so as to reduce the double taxation bite.  

I just an through a simulation of stocks sold  in Sweden for a US person residing in US

 

In the personal income series, I selected what I want to work on  --then down to investment income to record the sale of the stocks. So now this is recognized  for US purposes   ( note that the basis of the stocks/asset sold .

Thereafter I went to "Deductions & Credits income" tab ,  "I will select what I work on .. ",  " Estimates / Other Taxed Paid" -- from here on follow through screen by screen --- that should fill out the form 1116.  But read the questions carefully , some of the wording is pretty "unhelpful and opaque".  But it does the job.   If you are using desktop version then it helps between  "step-by-step"  and  " forms" modes -- to see what Turbo is doing.  

 

I hope this help in getting you going.

 

pk 

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