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From the perspective of the Internal Revenue Service, if you sell your foreign stock at a gain, you will have to pay tax in the same manner as if you had taken a profit on an American stock.
You would also be able to claim a Foreign Tax Credit
To enter the sale of a capital asset in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "investment sales" in the search bar then select "jump to investment sales". TurboTax will guide you in entering this information.
You can enter it just as if you received a 1099-B but if this is confusing then do the following steps.
To enter a foreign tax credits in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "foreign tax credit" in the search bar then select "jump to foreign tax credit". TurboTax will guide you in entering this information
How do I enter it in TurboTax
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