Do I have to pay capital gains taxes on international investments if I live in the US?

Posted by admin
screwed asked:


I am planning on making some investments outside the country (stock market investments). Can I access the profits while living in the US or will I have to pay capital gains taxes on it? If so, how much will I have to pay say for $10,000 in profits?

BOB
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This entry was posted on Saturday, November 21st, 2009 at 1:12 am and is filed under United States. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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3 Responses to “Do I have to pay capital gains taxes on international investments if I live in the US?”

  1. EDDY Says:
    November 21st, 2009 at 5:09 pm

    CHUCK

    all Americans are subject to capital gains taxes on all their gains, no matter where the gain occurs.

    so, yes — you will have to pay.

    15% long term capital gains tax is the current rate.
    you may get a credit for taxes paid to the other country; for example, Canada taxes the gains foreigners make in Canada at 15%, the the net effect is that an American pays the higher of the US or Canadian rate.

  2. FOREST Says:
    November 23rd, 2009 at 12:38 am

    RONNIE

    just follow the instructions of your income tax forms. If the stock was sold in the tax year, you will probably report the gain or loss on Schedule D.

  3. DYLAN Says:
    November 23rd, 2009 at 5:30 pm

    ALAN

    Here are your best answer