Not a USA citizen, live overseas, invest in Nasdaq from offshore agent.?

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Not a USA citizen, live overseas, invest in Nasdaq from offshore agent.?

Do i have to file tax?

2007-10-31 19:59:59 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

2 answers

If your investments are in foreign depository receipts in an account outside the US you'll only pay taxes on the gains in the foreign country where you live, invest, or are a citizen, according to their laws.

If the investments are actually in an account in the US, you will pay tax on any income at a statutory rate of 30%. This tax will be withheld at the source by the paying agent. You will not have to file any type of US tax return.

2007-10-31 20:37:13 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋

Yes. (In your country)

2007-11-01 12:55:54 · answer #2 · answered by Anonymous · 0⤊ 1⤋