Confusion about selling personal items- Do I base the loss/profit off the gross sales amount or net sales amount?
I'm an Indian and plan to invest in Indian Mutual Fund. Can anyone help me with the tax reporting? Do we pay taxes on the gain when we are holding and not selling?
Do I have to pay foreign taxes on capital gains from selling international stocks listed on U.S. stock exchanges (NYSE, AMEX and NASDAQ listed stocks only).