ErnieS0
Expert Alumni

Get your taxes done using TurboTax

You are subject to tax on dividends paid by U.S. companies, including the part of a dividend paid by a foreign corporation is U.S. source if at least 25% of the corporation's gross income is effectively connected with a U.S. trade or business for the 3 tax years before the year in which the dividends are declared.

 

You do not have to pay tax on capital gains, as the sale of personal property is sourced to the seller's home country. The IRS says "Gain or loss from the sale or exchange of personal property generally has its source in the United States if the alien has a tax home in the United States."

 

Robinhood will send a copy of the 1099-B to the IRS so you would need to file a tax return if you meet the filing requirements.

 

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