Hi,
I sold a few mutual fonds in2021 that I'm holding in a European country.
I didn't receive 1099-B from the foreign bank, so I manually typed in
all the relevant information, such as sales proceeds, cost base, etc.
I chose 'Long term (Box F)' in the Holding period since I hold them longer
than a year. But I found out that TurboTax calculated the capital gain as
short-term gain (I'm paying close to 30% in tax). But when I tried to choose
'Short term (Box C)', I'm paying more than 40% in tax. Can someone explain
to me what's going on here?
Is it possible for me to pay long term gain on mutual funds placed in a
foreign country?
