ABbear
New Member

How to enter foreign short term capital gains?

USA -ssued 1042S for mutual fund has amounts labelled as both long and short term capital gains [also dividends]. How are these entered in the 'foreign income' form?

Investors and rental owners

1042S is reported in a Foreign slip  under indicated type f income. So if slip indicates that it is capital gain, reported as capital gain. You cn find foreign income slip under Income / T-slips