Question on US-China tax treaty for foreign interest income sourced from China
I'm a US alien resident with some foreign passive income, like interests from China. There was no Chinese tax on them. Should I pay US tax for this passive income according to the US-China tax treaty? Thanks.
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1 Best answer
DaveF1006
Expert Alumni
Mar 18, 2024 9:28:04 AM
Yes, if the income is not taxed by China, it needs to be reported as taxable income in the US.
1 Replies
DaveF1006
Expert Alumni
Mar 18, 2024 9:28:04 AM
Yes, if the income is not taxed by China, it needs to be reported as taxable income in the US.