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April 14, 2025
Question

How to import multiple foreign stock sales and capital gains/losses in turbotax

  • April 14, 2025
  • 1 reply
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If I had a large number of stock transactions in a foreign investment account, is there a way to import them because entering them one by one will not be practical. the foreign brokerage obviously does not provide 1099, but i believe i can export the transactions as pdf or cvs from the foreign brokerage account.

1 reply

DaveF1006
April 14, 2025

You can try, but I can't guarantee it will appear in an acceptable format. If not, you can summarize the transactions.

 

  1. Choose Summary Filing: When entering stock sales, select the option to enter a summary instead of importing or manually entering each sale. 
  2.  Enter Sales Section Totals: TurboTax allows you to enter total proceeds and cost basis for each category.

Once finished, you may efile your return, but you will need to mail your information along with a 8453. which TurboTax will generate for you. Since you won't have a 1099B to mail in with the 8453, mail in a statement you received from your foreign broker that list all the transactions. If you don't have a 1099 B or statement, you may need to enter each transaction individually if the import is unsuccessful.

 

 

 

 

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