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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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1 Reply
SusanY1
Employee Tax Expert

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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