1040-US: Entering foreign capital gains and losses

Alerts and notices

Question

My client has foreign capital gains and losses. Where do I enter those amounts?

Answer

Foreign capital gains and losses are entered directly on a passive category Screen 1116 in the Foreign short-term capital gain/loss field and/or the Foreign long-term capital gain/loss field. The Foreign capital gain/loss worksheets are calculated based on entries in these capital gain/loss fields.

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