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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?

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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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A fine is a tax for doing wrong. A tax is a fine for doing well.

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Level 15

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.

---------------------------------------------------------------------------------
A fine is a tax for doing wrong. A tax is a fine for doing well.

View solution in original post

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