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Investors & landlords
If your status will be non-resident in for your 2021 taxes, you'll need to use Form 1040-NR to report your income form US sources. You'll receive form(s) 1099 from your broker with amounts to report. You loss theoretically could offset the whole amount of your gain; you'll need to pay attention to Short term (if you hold your stocks less that a year) and Long term (holding period more that 1 year), they are reporting separately. Short term loss can offset short term gain, and long term loss can offset long term gain. Unused loss can be carried forward to future years.
March 15, 2021
12:11 PM