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Amccrystl
March 15, 2021
Question

stock in a foreign corporation

  • March 15, 2021
  • 1 reply
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    1 reply

    M
    mglauner
    March 15, 2021

    From the perspective of the Internal Revenue Service, if you sell your foreign stock at a gain, you will have to pay tax in the same manner as if you had taken a profit on an American stock.

     

    If you hold your stock for less than a year before selling it, your profit will be taxed at the ordinary income tax rates. If you hold your stock for a year or more before you sell it, such gains will be able to qualify for a lower capital gains rate.

     

     

    Click this link for detailed info on reporting Foreign Stock Sales.

     

     

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