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non resident alien deducing stock losses
I was curious to know if Non resident aliens can deduce their stock losses from their net income. If I am investing in Robinhood and i lost some money, can i deduce it from my net income. @pk Can you help
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posted
April 6, 2020
7:53 AM
last updated
April 06, 2020
11:03 AM
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non resident alien deducing stock losses
Yes, you can take some losses for capital gains in most cases as a nonresident alien. If you are filing Form 1040 as a resident for tax purposes, you will do so on Schedule D and in the same manner as a U.S. Citizen or resident alien.
If you are filing as a nonresident alien on Form 1040NR this is a form that TurboTax does not support. We recommend SprinTax for those filing form 1040NR.
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April 6, 2020
8:25 AM
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