turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I need to file taxes for purchasing stocks, when the amount withheld is 0.00$? I did not sell any in 2019.

I have 0 liabilities in the US because I have lived overseas for two years, yet I own stock that has generated 0.00 in withheld taxes. Do I have to file solely for owning stock?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Do I need to file taxes for purchasing stocks, when the amount withheld is 0.00$? I did not sell any in 2019.

No.  Only when you sell.  What do you mean the amount withheld is zero?  There is no withholding when you buy or sell stocks.  They might generate dividends on a 1099-Div but not withholding.

Do I need to file taxes for purchasing stocks, when the amount withheld is 0.00$? I did not sell any in 2019.

A US citizen must report and pay tax on any and all income regardless of the country you happen to be in at the time.

 

There is a some credit for tax paid to foreign entities.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies