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>As long as you keep the money overseas you don't pay
>any taxes, if you filed the W8 and 1001. It is up to
>you to declare the profit when you transfer the cash
>back home. I did get an inquiry from the tax office
>(in NZ) when I made the transfer to the US, so they
>are keeping track of internation transfers.
>eveline

Interesting. How much information did they want to know?

I just contacted Suretrade, and one guy said that without submitting the W8 and 1001 forms, I am taxed 30% on dividends, but I am NOT tax on capital gains. But another guy from the same company said that the IRA in US take out 30% of EVERY sale!! Now that is ridiculous, and I really need to have the facts verified before I buy into US industry stocks.

Does anyone have experience with buying and selling US industry stocks from Australia, through a US on-line broker such as Suretrade or Firstrade?

Thanks
Julian


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