Ask Experts Questions for FREE Help !
Ask
    igo8's Avatar
    igo8 Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 2, 2007, 10:32 AM
    J1 Visa and capital gains taxes
    Hello,

    I am currently working in the US as a trainee under a J1 Visa. Am I subject to capital gains taxes?

    Thanks,
    igo8
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 2, 2007, 10:18 PM
    If you bought and sold a capital asset, like U.S. stocks or other equities, and made a capital gain while in the U.S. then yes, you are subject to capital gain taxes.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Capital gains [ 4 Answers ]

My mother is currently living with us,do to a fall. She wants to sell her house and move into assistant living, does she have to pay capital gains from the sale of her house? She is 78 years old

Capital gains [ 1 Answers ]

Hi,this inquiry is about taxes on a sale I made this year(2006)sales price 425,000$,bought in (2004)for 130,000$,made net profit of 269,000$,bought new house for 155,000$,put about 50,000$ in new house,was unaware that one time exemption maybe not in use,my age is (65),thank,s whisky4

Capital Gains [ 2 Answers ]

My parents, residence of Florida (Father 70 retired/disability) (Mother 62 still working RN) are selling their personal residence after 12 years of ownership. They will become renters and live off the sale of the house along with retirement income for the rest of their lives. How do they avoid...

Capital Gains Taxes for an indian non resident alien [ 1 Answers ]

Hi I wanted to find out if I am liable for capital gains taxes on my primary home that I plan to sell. It is the very first house that I have bought. I am an indian citizen and on F-1 visa. India does have a tax treaty with US but I am not sure what the IRS says with respect to capital gains. Can...


View more questions Search