You would include the sale in your return as the
sale of an investment. Please follow these steps:
- Click
on Federal > Wages & Income.
- In
the Investment Income section click on the Start/Revisit box
next to Stocks, Mutual Funds, Bonds, Other.
- If
you have already entered some investment sales, you will see a
screen Here's the investment sales info we have so far. Click
on the Add More Sales link.
- If
you haven't already entered some investment sales, you will see a
screen, Did you sell any investments in 2017? Click the Yes
box.
- Click
the No box on the screen Did you get a 1099-B or a brokerage
statement for these sales?
- On
the screen, Choose the type of investment you sold, mark the button
for Everything else and click Continue.
- Enter
the NET proceeds on the next screen--Some Basic Info
About This Sale.
- Continue through the screens, entering the requested information.
To enter foreign taxes paid, please follow these steps:
- Click on Federal > Deductions & Credits
- Scroll down to the Estimates
and Other Taxes Paid section and click on the box next to
Foreign Taxes.
- On the Foreign Tax Credit screen,
click on the Yes box.
- On the Before We Begin
screen, click on the Yes box.
- On the Do You Want the
Deduction or the Credit screen, click on the Take a Credit box.
- Continue through the
screens. You will be asked to select the country where you earned
the income. [You can select various if you worked in more than one
country.]
- On the Other Gross Income -
[country] screen do not re-enter your W-2 income.
- On the Foreign Taxes Paid -
[country] screen, enter the amount of foreign taxes you paid.
-
You will be brought to the Country
Summary. Click Done.
- Continue through the [many] screens
until you come to Foreign Tax Credit Carryovers. Enter your
carryovers and click Continue.
- You will eventually be brought
back to the Foreign Tax Credit Summary. If you need to report
foreign tax paid on another category of income (e.g. investment)
click on the Add a Foreign tax link. Otherwise click Done.
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