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How can I report stock sales (gains/losses) for stocks held on a foreign stock exchange in TurboTax?
I own stocks on India's stock exchange and file tax returns annually in India. In 2024, I incurred losses through tax-loss harvesting strategy. I have a few questions:
1. Since I don't receive a 1099-B form, how should I report these gains/losses in TurboTax?
2. If I claim these losses when filing tax returns in India, I assume I cannot claim them in the US. How should I report this in my US tax returns?
3. Do I need to report each individual sale and purchase?
‎April 2, 2025
11:16 AM