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?
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.
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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