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    amm038's Avatar
    amm038 Posts: 1, Reputation: 1
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    #1

    Feb 24, 2007, 06:20 PM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 25, 2007, 12:47 AM
    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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