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Level 1
December 7, 2019
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Have a client (US citizen) based in Hong Kong whose wages are not taxed in US. How are capital gains on his US Stock Portfolio taxed?

  • December 7, 2019
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Best answer by itonewbie

No different than any other US person's.  BTW, wages earned in HK are reportable and subject to US tax although foreign earned income exclusion may apply - and this is not the same as HK wages not being taxable in the US.

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itonewbie
itonewbieAnswer
Level 15
December 7, 2019

No different than any other US person's.  BTW, wages earned in HK are reportable and subject to US tax although foreign earned income exclusion may apply - and this is not the same as HK wages not being taxable in the US.

---------------------------------------------------------------------------------Still an AllStar