[[My dad lives abroad. I was talking to him the other day about how I had recently started buying stocks for the first time (he has been investing for quite some time). After a while, the subject of capital gains tax was brought up. This is what he told me: "Nah... I don't pay those because I don't live there. I only pay taxes on dividends". Is that the way it is? Do you just don't pay capital gains tax if you live abroad? Would it make sense to open a brokerage account from an address abroad and avoid paying C.G. taxes?]]Nope. That is NOT the way it is. If dad is a US citizen, he is required to file and pay taxes on worldwide income from all sources. If he is a NON US citizen, the rules change. But from the sound of your post, he sounds like a citizen. Looks like dad is a tax cheat, making me pay more than my "fair share". I'll forward this post to the IRS CID division so they can track down your entire famly (just kidding...don't panic).TMF TaxesRoy
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