Enter foreign capital gains and losses
Follow these steps to enter foreign capital gains and losses.
- Go to theIncomescreen and enter the capital gains and losses in the statement window forCapital gains or (losses)(or another field that applies to Schedule D).
- Go to the1116screen and enter foreign capital gains and losses in theForeign source: short-term capital gain or (loss)field and theForeign source: long-term capital gain or (loss)field.
Foreign capital gain and loss worksheets calculate based on entries in the capital gain and loss fields. The lines of Form 1116 will adjust as necessary.
