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-   -   Foreign Income Tax under L1 Visa with no substantial presence test (https://www.askmehelpdesk.com/showthread.php?t=144643)

  • Oct 24, 2007, 09:13 PM
    luislam
    Foreign Income Tax under L1 Visa with no substantial presence test
    I have an L1 Visa for more than 3 years, but stays in the US for less than 3 months a year.
    I pay US taxes on my US Income.

    I also trade US stocks while I am abroad. Do I have to pay Income Tax on Stock Gains, or can I claim Foreign Status.

    Luis
  • Oct 25, 2007, 09:18 AM
    AtlantaTaxExpert
    Luis:

    You can claim foreign status and NOT pay capital gain taxes on your stock transactions.

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