This question is about form 1116 for Passive income when there are capital gains and losses (net gain). For instance, $30,000 in stock gain and $5,000 in stock losses (net gain of $25,000).
The instructions for form 1116 say that boxes 3d (gross foreign source income) and 3e (gross income from all sources) include the capital gains before subtracting any losses. Box 3e is automatically calculated by Turbotax based on the information entered about the sale of stock and it correctly takes into account the capital gains but not the losses. However I don't know how to enter the information about the foreign capital gain/loss so that it can calculate box 3d. I can enter the net gain, but I cannot tell what part was gain and what loss.
How can I indicate the foreign capital losses so that box 3d is calculated without taking those losses into account as required by the form instructions?
