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Subject:  Re: Capital gains tax for non-resident aliens Date:  9/26/2000  2:57 PM
Author:  criser Number:  40326 of 123001

U.S. source capital gain, which is not effectively connected with a US trade or business ("effectively connected" is a special tax term generally meaning that it the assets are used in an active US trade or business - sale of stock in an individual portfolio is not "effectively connected" with a US trade or business), that is realized by a nonresident alien from the sale or exchange of a capital asset is not subjec