turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jc4
New Member

A us citizen living aboard, trade stocks in a foreign brokerage company and have capital gain, where and how to report the capital gain?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

A us citizen living aboard, trade stocks in a foreign brokerage company and have capital gain, where and how to report the capital gain?

In the "online" products "Premier" or above is needed to record security sales.  In the "desktop" products all of them are capable of processing simple security sales.

You use the "Stocks, Mutual Funds, Bonds, Other" interview and tell TurboTax that no 1099-B was received.  Proceeds and cost basis are translated to US dollars using the spot rate in effect on the appropriate date.

https://fiscal.treasury.gov/reports-statements/treasury-reporting-rates-exchange/

Tom Young


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies