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-   -   Stock options taxes (https://www.askmehelpdesk.com/showthread.php?t=66040)

  • Feb 24, 2007, 06:20 PM
    amm038
    Stock options taxes
    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
  • Feb 25, 2007, 12:47 AM
    AtlantaTaxExpert
    Jorge:

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

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