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Author: csaag Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121566  
Subject: Foreign stock tax question Date: 12/27/1999 7:51 PM
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What are the tax consequences of selling a stock that
trades on a foreign exchange. Is there no difference
from selling a NYSE or Naz stock?
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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 23867 of 121566
Subject: Re: Foreign stock tax question Date: 12/27/1999 8:54 PM
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What are the tax consequences of selling a stock that
trades on a foreign exchange. Is there no difference
from selling a NYSE or Naz stock?


For a US citizen or resident alien, there is no tax difference. Income tax is due on all income from whatever source it is derived. For a non-resident alien, there still is probably no difference, I'm just not as sure of that situation.

--ptheland

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Author: elibortPrairiela One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 23890 of 121566
Subject: Re: Foreign stock tax question Date: 12/28/1999 7:50 AM
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What are the tax consequences of selling a stock that trades on a foreign exchange. Is there no difference from selling a NYSE or Naz stock?

For a US citizen or resident alien, there is no tax difference. Income tax is due on all income from whatever source it is derived.


True ---- a little extra wrinkle involved with computing exchange rates, because you have to figure your cost in purchase date dollars and your proceeds in sales date dollars.

For a non-resident alien, there still is probably no difference, I'm just not as sure of that situation.

I disagree..... nonresident aliens would not pay U.S. tax on non-U.S. source capital gains, except in unusual situations too complex to describe here.

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