Search found 3 matches

by yt1023
Wed May 04, 2011 4:21 pm
Forum: Canada / United States Tax & Accounting
Topic: F2 visa, capital gains taxes? Was previously F1 for 4 years
Replies: 5
Views: 4839

One more question, I recall a part of the treaty that exempts any income under 10k of tax, but that part of the treaty expired after ~4 years residency in the US, and I was not allowed to claim it on the 5th year. Does a similar expiration apply to the capital gains part of the treaty? If so does my...
by yt1023
Wed May 04, 2011 9:20 am
Forum: Canada / United States Tax & Accounting
Topic: F2 visa, capital gains taxes? Was previously F1 for 4 years
Replies: 5
Views: 4839

Thanks for your response, nelsona! I'm somewhat confused by this explanation of capital gains taxes on non resident aliens: http://www.irs.gov/businesses/small/international/article/0,,id=129253,00.html First it says that if someone is present >183 days/year then they have to pay 30% tax on cap gain...
by yt1023
Tue May 03, 2011 8:37 pm
Forum: Canada / United States Tax & Accounting
Topic: F2 visa, capital gains taxes? Was previously F1 for 4 years
Replies: 5
Views: 4839

F2 visa, capital gains taxes? Was previously F1 for 4 years

Hi, I am a Canadian citizen previously in the US on a F1 visa for 4 years of college. I left the US for 1.5 years, and am now returning on a F2 visa (spouse of F1). As a F2, do I need to pay taxes on capital gains (I trade stocks through online brokers based in the US, and my money stays in the US)?...