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

I'd appreciate your opinion regarding the following situation....

Person X arrives in the US with less than 183 days to go until the end of the tax year, having not been resident at all in the previous two tax years and with the intention of becoming resident by the substantial presence test in the following tax year. X liquidates a stock and makes a capital gain in the period before becoming 'resident', i.e. before Jan 1st. Is the capital gain subject to tax in the US?

Print the post  


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.
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.
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.