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Capital gains for Puerto Rico bona-fide residents
I'm a bona-fide resident of Puerto Rico and I want to use TurboTax to file my federal returns. Does TurboTax handle capital gains automatically or do I have to make manual adjustments to get it to work correctly?
The correct treatment for capital gains on stocks/bonds is that they are taxable based on residency. So I need to pay the Hacienda of Puerto Rico and NOT the IRS.
January 1, 2024
8:22 AM