Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Author: pteron Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121599  
Subject: Non-res/res alien CGT treatment Date: 8/8/2000 11:10 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
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?

thanks
pteron
Print the post Back To Top
Author: WPatch Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 38764 of 121599
Subject: Re: Non-res/res alien CGT treatment Date: 8/15/2000 11:15 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
[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?]

As a non-resident in the first year, there is no US tax on capital gains.



Print the post Back To Top
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Advertisement