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Financial Planning / Tax Strategies


Subject:  Non-res/res alien CGT treatment Date:  8/8/2000  11:10 AM
Author:  pteron Number:  38535 of 127753

Hi Fools,

I'd appreciate your opinion regarding the following situation....

Person X arrives in the US with less than 183 days to go until the end of the tax year, having not been resident at all in the previous two tax years and with the intention of becoming resident by the substantial presence test in the following tax year. X liquidates a stock and makes a capital gain in the period before becoming 'resident', i.e. before Jan 1st. Is the capital gain subject to tax in the US?


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