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badri-gopalan
October 12, 2020
Question

Using turbotax Premier ONLINE version. I have no 1099B for foreign capital gain transaction. How do I enter that on the ONLINE version? it seems doable on PC version.

  • October 12, 2020
  • 1 reply
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1 reply

P
pk12_2
Employee
October 13, 2020

@badri-gopalan ,  as far as I know the entry screens are pretty similar for both the On-line and  downloaded.CD version.  However, my question would be  what kind of Capital Gain are you talking about -- stocks/bonds/ real-estate or what?  Generally Capital gains show up on 1099-B , 1099-S  and also on Brokers' consolidated Report .  And depending on what you sold/bartered the  reporting requirement  may be different.  Please tell

 

Namaste

 

pk

B
bg28
October 13, 2020

hi, these are stock gains. BUT they are in a foreign country where the broker does not issue a 1099B - they dont even know what that is. Hence, no 1099B. But of course, i want to report the income.

DoninGA
DoninGA
Employee
October 13, 2020
@bg28 wrote:

hi, these are stock gains. BUT they are in a foreign country where the broker does not issue a 1099B - they dont even know what that is. Hence, no 1099B. But of course, i want to report the income.

To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Stocks, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

 

On the next screen, click Yes

On the next screen, click Continue

On the next screen, click Continue

On the next screen, click I'll type it in myself

 

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