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    hsiddharth's Avatar
    hsiddharth Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 12, 2009, 10:44 AM
    Capital Loss on foreign investment
    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
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Feb 12, 2009, 12:10 PM

    If you are filing nonresident tax return, you can not claim the loss.
    hsiddharth's Avatar
    hsiddharth Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Feb 12, 2009, 01:26 PM
    Quote Originally Posted by hsiddharth View Post
    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
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Mar 3, 2009, 02:55 PM
    If you are a resident alien filing Form 1040, then declare your loss on Schedule D.
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
    Tax Expert
    		  
    #5

    Mar 3, 2009, 03:02 PM

    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.
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