foreign stock trading report form8949

Mikkang · ‎March 4, 2021

I have a history of stock trading in Korea in 2020.
I want to report this on this tax return.
However, I can't get the 1099B format for this.

How can I report this with TurboTax?

Do I have to enter everything for each transaction?

What are the required fields when entering this through TurboTax?

DavidD66 · ‎March 4, 2021

You can enter summary totals for your long and short term gains. You will report that in the same section in which you report stock and other investment sales. To enter:

Type "Investment sales" in the search window and click Enter
Click on "Jump to Investment sales"
What you will see next may vary depending on whether or not you have already entered a Form 1099-B
On the page with "Did you sell any investments in 2020?" Answer Yes
Answer "Other" to "OK, what type of investments did you sell?" and click Continue
Enter the name of the person or firm that brokered this sale
On the page with "Now we’ll walk you through entering your sale details" for "What type of investment you sold" (Indicate Stock (non-employee)")"
Indicate "How did you receive this investment?
For Description, I would put "Long-Term foreign stock transactions"
Enter the details of the sale, and Continue and repeat for Short-Term sales

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

DavidD66 · ‎March 4, 2021

You can enter summary totals for your long and short term gains. You will report that in the same section in which you report stock and other investment sales. To enter:

Type "Investment sales" in the search window and click Enter
Click on "Jump to Investment sales"
What you will see next may vary depending on whether or not you have already entered a Form 1099-B
On the page with "Did you sell any investments in 2020?" Answer Yes
Answer "Other" to "OK, what type of investments did you sell?" and click Continue
Enter the name of the person or firm that brokered this sale
On the page with "Now we’ll walk you through entering your sale details" for "What type of investment you sold" (Indicate Stock (non-employee)")"
Indicate "How did you receive this investment?
For Description, I would put "Long-Term foreign stock transactions"
Enter the details of the sale, and Continue and repeat for Short-Term sales

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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foreign stock trading report form8949