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Carry over losses and filing tax outside USA

I have realised capital loss in the US which is a carry-over loss. I can offset this loss with any gain I make in the US.

I still have my stock investment in the US. If I move back to India, can I continue to file taxes in the US so that I can offset any gains that I get from my investment in USA? 

 

Note that I am not a GC holder or a US Citizen.

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1 Reply
ThomasM125
Expert Alumni

Carry over losses and filing tax outside USA

Capital gain income from most investment sales from US sources would not be taxable to you if you are not a citizen or resident of the United States. Consequently, you could not offset your capital loss carryovers against non-taxable capital gain income, as it wouldn't be reportable on your tax return. If you are trying to preserve the capital loss carryover in case you may need it in the future, you may be able to file a form 1040NR to report the carryover amount only. We don't support that return at TurboTax so I can't comment on it, but you can read more about it in the instructions of Form 1040NR: Form 1040NR

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