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Foreign taxes paid on capital gains
I entered all the details of capital gains and losses on stocks bought and sold in Indian stock market in schedule D. I entered foreign interest and dividends in schedule B.
I noticed that only foreign interest and dividends appear in Form 1116 and corresponding worksheet. How do I handle foreign capital gains/losses, and foreign taxes paid on these gains? Where do I report them in Turbotax? Should I directly edit Form 1116 worksheet (Part I - g1) and enter these details? Is there another place (through the interview process), where this information should be entered?
Any help will be greatly appreciated?
March 21, 2025
9:34 AM