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This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual
  • Subject: Foreign income

Enter foreign capital gains and losses

You can enter foreign capital gains and losses on a passive category 1116 window. The foreign capital gain/loss worksheets are calculated based on entries in the capital gain or loss fields on this window.
  1. Select the
    1116
     window.
  2. Enter foreign capital gains and losses in the
    Foreign short-term capital gain/loss
     field or
    Foreign long-term capital gain/loss
     field.

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