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tomas20
Returning Member

How to report stock sales in a foreign account

I sold stocks held in a foreign bank account. In the investment sales section, when entering the sales total for this account, what sales section should I use to report it?

Since the foreign bank doesn't send form 1099-B, I tried "Short-term did not receive 1099-B form", but it then requires a copy of the 1099-B to be uploaded, which I don't have.

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4 Replies
MaryK4
Expert Alumni

How to report stock sales in a foreign account

You must go back and enter that You did not receive a 1099-B. 

Go to the Summary Page and Add Another Sale

 

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How to report stock sales in a foreign account

Report you sales in Category C or F (no 1099-B).

tomas20
Returning Member

How to report stock sales in a foreign account

Thank you for your answer, @MaryK4 . I don't seem to have the option to enter that I did not receive a 1099-B. I am reporting sales section totals rather than one by one since there are many transactions in the account.

 

Here is how I report it:

 

snap_1.png

Then when I hit continue, this is what I get:

 

snap_2.png

 

There doesn't seem to be a way to tell the program that there's no 1099-B in this case.

How to report stock sales in a foreign account

I have the same question..so it appears that you can enter capital gains or interest income normally as you would enter under investment or interest income section but you would add it under other income?

 

when I tried that ...its fine but when I submitted foreign tax credit section it showed 0$ tax credit...so I assume unless you enter your foreign income under investment and interest income section it wont show you tax credit ??

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