As a Canadian, How do I file capital gains I earned inthe USA on the sale of Ford stock in the New York excha

Question

sold shares of Ford motor company throughbroker in New York.

Answer 1

Form 1040NR + Schedule D.

However, if the gain was taxed at the source (normally 30% or lower treaty rate) you won't need to file.

Answer 2

You of course have an particularly VERY constrained information human beings Tax regulation. Mine isn't particularly huge yet i will assert with actuality that any one (different than in very constrained circumstances) who had earnings "in line with merchandising some thing for a earnings" as often as you traded your "skills/exertions for wages" could be paying a similar tax expenditures as you. short-term "capital effective properties" are taxed purely such as you salary earnings. the version is "payroll taxes". everyone who's self-employed will pay far extra of that than you. Why are dividends taxed at a decrease fee? for the reason that dividend grew to become into additionally taxed as earnings whilst the corporation paying the dividend grew to become into taxed. you would be able to or will possibly not would desire to pay capital effective properties on your place once you sell it in line with what and once you do some thing with the proceeds. long-term capital effective properties are taxed decrease for the reason that is recognized that the decrease fee would tend it motivate investment. there is not any "disparity" in this factor of the tax regulation. EDIT: short term capital effective properties are actually not taxed as prevalent earnings? clarify please. Or please clarify the place the "prognosis" is misguided. you're utilising very obscure words. "merchandising some thing for a earnings" isn't precisely specific. "Why am I charged a extra advantageous tax fee for doing truly artwork, than i could be for purely merchandising some thing at a earnings?" you would be able to and you won't be "charged" a extra advantageous fee. You maximum definitely pay payroll taxes that a "supplier" would or won't be concern to.