Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Sorry,

I know that this has been discussed before and here I go bringing it up again.

But I have read all the posts I could find and the related IRS publications as well (although they were a lot less enjoyable than your "posts"). And I am non the wiser(Oops, I suppose that should have been, I am still not foolish enough).

Previous posts to this board seem to state quite categorically that non-resident aliens do not have to pay capital gains tax - Great, since I am one.

But when I read "Publication 505" from the IRS, I got confused again. In table 1 part 2 of said publication
there is a row that says "Other countries", and in the Capital Gains column it says 30%.

I presume that "Other Countries" mean all countries not in the table which is >95% of all countries in the world, and since I live in one of those, Panama, this would seem to apply to me.

Does anyone know what goes?

Best regards
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement