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Cosmolaris
Employee
March 5, 2019
Question

I sold foreign stocks (China and Hong Kong) at a significant loss in 2018

  • March 5, 2019
  • 1 reply
  • 0 views

Am I able to report this to offset some of my US capital gains? I am a citizen of US but resided in China/Hong Kong in 2018. 

    1 reply

    IsabellaG
    IsabellaG
    Employee
    March 5, 2019

    Yes, as a US citizen you are taxed on your worldwide income, and you need to report your foreign stock sales as part of that.  See IRS Publication 54  for more information.

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