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

November 3rd, 2008 | 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?

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google

  1. 3 Responses to “Do I have to pay capital gains taxes on international investments if I live in the US?”

  2. By Spock (rhp) on Nov 5, 2008 | Reply

    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.

  3. By dizzy d on Nov 8, 2008 | Reply

    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.

  4. By bhuiiddy m on Nov 10, 2008 | Reply

    Here are your best answer

Sorry, comments for this entry are closed at this time.