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Are U.S. ETFs that dabble in foreign stocks considered domestic or foreign securities on the new Schedule B?

These ETFs are from iShares and trade on the NYSE. I'm claiming foreign tax credit on them though. Schedule B is a new form for the IRS and I haven't seen this issue raised yet.

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  • vor 1 Jahrzehnt
    Beste Antwort

    Schedule B has always been a form for federal. If it is a US stock agency (NYSE,etc) the only thing you have to do is report any interest or dividends earned under foreign stock on schedule B (make sure you mark "yes" on line 17a that it was received from foreign investments) if they are MORE than $1500. If less than $1500 put the interest and dividends directly on page 1 of your 1040.

    If you sold foreign stock through a US stock agency you just report it on a schedule D as a capital gain or loss.

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