How to report proceeds from Stock Options traded outside the US?

[SabrinaD2]

To enter proceeds from your trade/sale of foreign stock options in TurboTax, follow these steps. Click this link for more information. Where do I enter Investment Sales?

1. Open or continue your return.
2. Navigate to the investment sales section:
   • TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
     • TurboTax Desktop: Search for investment sales and then select the Jump to link. 
       • Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
   • Answer Yes to the question Did you sell any of these investments in 2024? (or Okay! to Time to kickoff your investments!).
     • If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.

Next enter your foreign tax credit or deduction.

• Where do I enter foreign tax credit (Form 1116) or deduction?

Original Post

[juliaetorres]

Thanks, this helped me