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The foreign taxes can be reported within the Foreign Tax Credit screens.
At the screen Foreign Taxes Paid, select No, I have foreign taxes paid on rental, royalty, or other income.
Report the foreign taxes paid in the box Foreign Taxes on other income.
In TurboTax Online, follow these steps:
Thank you,
My point is when we have dividend, there is the box 7 for foreign tax paid, but with capital gain, I don't see this box for foreign tax paid when I am entering my foreign capital gain.
I would like to indicate my foreign capital gain tax and especially flag this income as foreign based.
Thank you 🙂
There is no option to report foreign taxes paid or assign the income to a foreign country when you enter an investment sale, like there is when you enter dividends off of a Form 1099-DIV. You report the investment sale, then you go to the foreign tax credit section, as mentioned by @JamesG1 , and assign a country to the foreign income and enter the foreign taxes paid on it.
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