I am a US citizen. If I bought a mining company on the Australian stock exchange, are there tax implications that I need to consider?I'm using Interactive Brokers.
If I do sell for a realized capital gain/loss, are the rules the same as it is for normal US stocks? Will Turbotax take care of it for me or will I have to manually intervene to convert to USD currency? I'm hoping that 1099 import to Turbotax will take care of the complication. Not sure if I need to file taxes with the Australian taxing agency.
Not sure if the below applies since I plan to buy a mining stock.
https://www.ato.gov.au/General/Capital-gains-tax/International-issues/Taxable-Australian-property/
