Capital gains tax and immigration

Old Apr 22nd 2001, 8:14 am
  #1  
Nico Stuurman
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I'll hopefully be moving into the US some time soon. Since I own some stocks and my
country does not know a capital gains tax I am looking for some specific information.

Capital gains tax is levied on the difference between the value when you bought
something and sold it again. Does that also apply in the case of immigrants? I.e.
will the value of the stocks be counted at the day I bought them or the day that I
entered the USA and became a 'US tax resident'? Of course this can make a substantial
difference, and in the latter case I would consider selling before moving.

Thanks,

Nico Stuurman
 

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