muralinn
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as I mentioned, we can take credit on the Indian taxes paid on dividends but not on capital gain on stocks per 2 cross-border tax experts.murali
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i dont believe this is the best or the right answer. This is rather a complex issue and very few CPAs are knowledgeable to provide proper guidance.
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Here is another source that says that the taxes paid for capital gain on sale of stocks in India will be taxed again in the US. CheckoutSame Same, But Different...
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Hi pk-ji:Below is what I got for a cross-border tax attorney. Net: One CANNOT take credit for taxes paid in India on capital gain from sale of stocks. See below...
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@pk-jiThank you very much. More clarifications embedded with your response.As I understand from you short post, you a US person ( citizen/GreenCard/ Resident fo...
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- Posted Re: Foreign Tax Credit for taxes paid on Capital Gains on equities on Get your taxes done using TurboTax. September 8, 2024 9:35 PM
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