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March 1, 2025
Question

Hello, I have sold an Indian mutual fund and need to know how to file the taxes for it.

  • March 1, 2025
  • 1 reply
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    1 reply

    March 5, 2025

    You will add as an Investment sale.  To enter an investment sales:

     

    Under Federal Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings.

    1. Did you have investment income in 2024? YES
    2. Let's import your tax info  Enter a different way
    3. OK, let's start with one investment type Other Continue
    4. Tell us more about this sale  Name
    5. Now, enter the sale information
    6. Let us know if any of these situations apply to this sale Continue

    If you need to claim the Foreign Tax Credit, you will find that under Deductions & Credits.