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A US citizen with tax home in another country has capital gains in a US brokerage account. Is this foreign income for Form 1116?

nwouk
Level 1

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?

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poolcleaner
Level 9

Unless the capital gains are from non-US companies they would not be reported on Form 1116.

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poolcleaner
Level 9

Unless the capital gains are from non-US companies they would not be reported on Form 1116.

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