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

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

arturo7531 — Thu, 02 Jul 2020 04:46:58 GMT

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?

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

VolvoGirl — Thu, 02 Jul 2020 06:32:01 GMT

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.

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

fanfare — Sat, 04 Jul 2020 23:40:51 GMT

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.