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Where I report 1099 B received from foreign bank & the proceeds from sale of foreign stock? Is on Schedule D or on form 114?. Client is US resident & filing Joint return.

gloproperties
Level 1
 
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George4Tacks
Level 15

Schedule D (with or without the 1099-B)


Answers are easy. Questions are hard!

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3 Comments 3
George4Tacks
Level 15

Schedule D (with or without the 1099-B)


Answers are easy. Questions are hard!
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sjrcpa
Level 15

FinCen 114 and 8938 may also be needed.

The more I know, the more I don't know.
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itonewbie
Level 15

If your client has foreign mutual funds, you will have to determine the filing position for PFIC and may need F.8621.

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Still an AllStar
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