I live in Portugal
I´m Portugal citizen
If i buy mutual funds by ameritrade, if i sale the fund do i need to pay any tax to U.S.A. TAX DEPARTMENT ??
(Im the stocks it´s 0% TAX)
Like the stocks cant i sale in the next week (after buy the funds)
Thanks
2007-09-30 02:29:39 · 2 answers · asked by antonioteixeira555 1 in Business & Finance ➔ Taxes ➔ United States
If you buy and sell US stocks which include mutual funds you are subject to US income tax if you have a gain (make a profit).
2007-09-30 04:13:06 · answer #1 · answered by ? 6 · 0⤊ 0⤋
If you are a non-resident alien and have a US based Ameritrade account you are subject to a 30% tax on any gains, levied at the source. The tax will be withheld by Ameritrade (assuming you have properly advised them of your status) and any remainder will be paid to you.
If the account is based in Portugal or elsewhere in the EU you will only pay your regular national taxes, whatever those may be.
2007-09-30 17:34:12 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋