Welcome Guest. Register Now!  

For 2014 Tax Tips For Year 2014.

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-08-2014, 04:56 PM
Junior Member
Join Date: Dec 2014
Posts: 1
Gift stock shares to nonresident alien

Hi all,

I purchased the 200 shares of stocks at 40/share in 2011, and gifted to my nonresident relative when the market price is 50/share in Nov. 2013.

The relative then sold all 200 shares Oct. this year at 70/share. Is she subject to a capital gain tax? What would be the cost basis and would it be a long term or short term capital gain?

If this is the only income she has in the US, does she use this amount to compute her marginal bracket for the capital gain tax rate?

I know the dividend is taxed at 30% flat rate, but capital gain from price change got me really confused.

Thanks very much in advance!


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Stock Gift jjjones4180 S-Corporation 1 09-14-2012 10:11 PM
stock as a gift abbottstownkid Miscellaneous 2 04-10-2012 11:43 AM
Under what circumstances will income for personal services performed in the United States as a nonresident alien is not considered to be from U.S. sources and is not subject to U.S. taxation? TaxGuru Miscellaneous 0 11-17-2011 09:43 PM
Can a nonresident alien take the foreign earned income exclusion if that person meets the bona fide resident test or physical presence test? TaxGuru Income 0 02-27-2011 10:33 PM
Tax on US pension after leaving the US for a nonresident? cfinch Income 0 02-28-2010 01:39 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning