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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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No. of Recommendations: 0
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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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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