To report your sale, you will enter this like a regular investment sale.
- Log or open Turbo Tax
- Go to federal or the Federal Tab
- Wages and Income.
- Scroll down to Investment Select Stocks, Mutual Funds, Bonds, Other - select No to 1099-B question, No to Financial Institution and enter name of your foreign institution. Follow the prompts. You will able to enter your sale information.
- if you have foreign accounts, you may have an additional reporting requirement such as FINCEN or FBAR. Please read this IRS link for more details.
- Ignore the reference to the 1099-B. If it doesn't let you proceed, report it like you have a 1099-B in your hand. It is not necessary to have a 1099-B to report an investment sale.
[Edited 03-14-2021|11:17 AM PST]
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