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Non-Tech : Shorting with Offshore Accounts -- Ignore unavailable to you. Want to Upgrade?


To: Rajiv who wrote (4)2/8/1999 3:46:00 PM
From: peter michaelson  Read Replies (1) | Respond to of 127
 
Hmmm....

Does a non-US resident have to pay capital gains taxes on gains made in a US account?

Does this vary according to the various tax treaties that might exist between companies?

peter

I'll link your query to the tax thread.



To: Rajiv who wrote (4)2/9/1999 4:28:00 PM
From: Philip S. LaMar Jr., J.D.  Read Replies (1) | Respond to of 127
 
Capital gains realized by a U.S. citizen are taxable.

Capital gains earned by a foreign corporation are not. IRC Sections 882 and 865(a)(2) clarify this.