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amm038
Feb 24, 2007, 06:20 PM
Hi:

I am Peruvian national transferred to USA for working. I started to work on January 17th and next day I exercised and sold my stock options.
At that time the broker retained like 25% of my capital gains for taxes. Is that correct ? How the IRS will calculate my taxes.
Thanks, Jorge

AtlantaTaxExpert
Feb 25, 2007, 12:47 AM
Jorge:

Yes, the withholding was proper due to your foreign national status. It makes sure you file a tax return to report the gain.