Hi pk,
Sorry for the delay getting back to this.
Here's what I have entered into Turbotax 2019 so far:
Re. a) - I entered the foreign capital gains at the step where you enter a 1099-B (I don't have this and won't get one from Denmark so I did my best to fill it in)
Re.b)- I started filling in 1116, here's what I put in:
Income type = passive
Country = DK
Total income (capital gains from 1099-B) = $50,000
Foreign taxes = paid all taxes in 2019
After entering these items a window opened for HTKO. There was a blank field. It looks like I'm supposed to fill this in. I got stuck here because I don't know what to enter. As noted above, the Danish tax rate for capital gains in 42%.
Please advise and thanks again for all your help.
