Hi,

I am a non-resident alien working in US and trying to file my US tax returns. Past few months have been pretty bad for stock market and economy in general. I have not been an exception to that. I sold some shares at a loss in India and transferred the money to US. I want to know if I can claim the loss I have taken as capital loss while filing for my US tax returns.

If you need additional information let me know.

Thanks

If you are filing nonresident tax return, you can not claim the loss.

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Originally Posted by hsiddharth

Hi,

I am a non-resident alien working in US and trying to file my US tax returns. Past few months have been pretty bad for stock market and economy in general. I have not been an exception to that. I sold some shares at a loss in India and transferred the money to US. I want to know if I can claim the loss I have taken as capital loss while filing for my US tax returns.

If you need additional information let me know.

Thanks

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Hi,

I think I got myself confused on the status. I am a resident alien and filing returns as a resident alien. Sorry for the confusion.

Thanks

If you are a resident alien filing Form 1040, then declare your loss on Schedule D.

If you are a resident alien, then you are taxed in the U.S. on your worldwide income. Therefore, any shares sold at a gain would also be included on your U.S. tax return.