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Reporting capital gains/loss from foreign country
Hi,
I am an Indian citizen, here in the USA as a permanent resident.
I have brokerage accounts in India with investments in stocks (not Mutual Funds or PFIC). This brokerage does NOT report capital gains or taxes directly to IRS and they do not issue a 1099-B form.
My question is how do I report these capital gain/loss income through turbo tax? Do I need to file form 8949? I did not see that form in the income section on the portal.
Really appreciate your help. This is the only major hurdle using Turbo tax for me, otherwise I will have to go to a local CPA for assistance.
Thanks,
Vijaya
March 6, 2024
2:50 PM