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R
raggedyak
January 29, 2024
Question

How to report foreign investment gains with no 1099-B?

  • January 29, 2024
  • 1 reply
  • 0 views

Hi,

 

Moved to the US in 2023. Had money in a UK investment fund/ETF. Closed this account in 2023 and withdrew funds, realised a small gain.

 

Trying to add this in Turbotax ("Add investments" under "Wages & Income", but the form asks me for information on a 1099-B. I don't have one for this account and won't receive one as it's a UK firm.

 

I have found older posts on here advising users to select an option "I don't have a 1099-B" but that option no longer seems to be available. Help!

1 reply

T
ThomasM125
January 30, 2024

You can choose the Other option when you enter your investment income in TurboTax. 

 

Choose the same option on the investment sale entry screen:

 

 

It will be treated as capital gain income.

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