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prashantjoshi12
New Member
posted
‎June 6, 2019 2:01 AM
last updated ‎June 06, 2019 2:01 AM

I have capital gains from sale of stock in a foreign country. Does this income classify as general category income or passive income for foreign tax credit?

 
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rogge1722
Level 9
‎June 6, 2019 2:01 AM

I have capital gains from sale of stock in a foreign country. Does this income classify as general category income or passive income for foreign tax credit?

That would be passive income category unless you are in the business of buying and selling securities.

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1 Reply
rogge1722
Level 9
‎June 6, 2019 2:01 AM

I have capital gains from sale of stock in a foreign country. Does this income classify as general category income or passive income for foreign tax credit?

That would be passive income category unless you are in the business of buying and selling securities.

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