Can Schedule B worksheet include foreign capital gains as well as dividends in the foreign tax in Sec F ?

Forum|Forum|3 years ago
April 18, 2023
2 replies
15 views

On 1099-B worksheet, Section F, line 7: Can mutual fund capital gains be included in foreign income amount? Typically I have not included it, but am rethinking this...

ProSeries Professional

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Best answer by linduca

I think I found my answer!~ The long-term capital gains can be included as part of the 1099-B worksheet, Section F, line 7.

Just-Lisa-Now-

Intuit Community Champion

I can usually dig through the brokerage statement and find the foreign income amount....some put it right out in the open, others I have to add them up myself.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

L

linducaAuthor

Level 4

I, too, get the foreign income info and, also, sometimes look for it. I was just wondering if when I do the tally if the cap gains can be reported in that calculation..

L

linducaAuthorAnswer

Level 4

I think I found my answer!~ The long-term capital gains can be included as part of the 1099-B worksheet, Section F, line 7.

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