Friday, July 27, 2007
Whatamp;#39;s the rate of tax about forex and stocks in USA? -
I m guessing that you are not a U.S. resident or citizen? If you reside outside the U.S., your DIVIDEND tax rate will be a flat 30%, unless reduced by a treaty between the U.S. and the country in which you are a resident. If you buy and sell stocks and receive a net GAIN, you won t be taxed at all. I imagine forex is short term capital gain at your normal income tax rate. Stocks are normal income tax rate if held less than a year, or lower long term capital gain rate if held over a year. quot;Qualifiedquot; dividends are long term captial gain rate if you own the stock for at least a 61 day window around ex-div date. Options can complicate whether related stock is short vs. long term.
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