ThomasM125
Expert Alumni

Retirement tax questions

Yes, you are correct. The gain would be short term if you held it for less that one year. TurboTax will categorize it properly based on the dates you enter for date acquired and date sold.

 

Form 1116 will be generated by TurboTax when you enter the foreign income and foreign taxes paid.

 

You will need the form 3520 since the distribution came from a trust.

 

 

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