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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121185  
Subject: Re: tax for students Date: 12/22/1998 6:41 PM
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[[Hi]]

Hello...

[[ I am an international student who invested my mother's money in the stock
market.]]

I'm not sure exactly what this means. Does this meant that you are a US resident but not a citizen. Is your mother a citizen or resident? Are you investing in HER name or in YOUR name for her. All of these answers make a big difference in the answers to your question.

[[ I have few stocks that I actively traded and I have also a unit equity
trust, which I also have been holding for the lasst 12 months. Both of these
investments have earned some capital gains and since I am an international
student and do not work, I don't have any knowledge in paying tax to uncle
Sam. Can anyone help me on where I should start learn about this?]]

Your best bet would be to start with IRS Publication 519 dealing with the taxation of aliens. Again, as you read this publication you'll find out why I had to ask all of the questions in the first part of this post. You'll find out that tax issues for non-resident aliens are quite different than for resident aliens. And IRS Publication 519 will provide you with the definitions for both cases, and the tax issues involved.

Once you have read this publication, if you have any additional questions, feel free to post 'em here.

TMF Taxes
Roy

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