Treatment of Foreign Capital Loss

[cpa41]

My client had a foreign capital loss on a property internationally and I was wondering where I should include that on his US Tax Return (he's a US resident). Also could that loss be used to offset domestic capital gains? Your help is much appreciated. Thank you so much.

[George4Tacks]

It would generally go on Schedule D, like the sale of any property. Is it personal use property? 

See page D-3 https://www.irs.gov/pub/irs-pdf/i1040sd.pdf

[cpa41]

Nope it is not personal use property but an investment property. I didn’t see on D-3 where it says it can go on schedule d.

[George4Tacks · Accepted solution]

d-3 was just to emphasis the personal use aspect. It goes on Schedule D, just like any stock sale. I am assuming that there is no 1099B, so indicate that to get it to end up on the correct page of the 8949

[cpa41]

Gotcha, thanks sir! Appreciate it so much!!