A US citizen with tax home in another country has capital gains in a US brokerage account. Is this foreign income for Form 1116?
None of the answers on this site are relevant. Tax payer is a US citizen. Tax payer's tax home is another country. Tax payer's capital gains are in a US brokerage account reported on Form 1099-B. As I understand, sales of personal property are sourced to the tax payer's tax home. Is it correct for me to report the capital gains as foreign income on Form 1116?
