Which country to pay tax to?

Submitted by sai_gamer t3_zyz00v in personalfinance

For example I am citizen of India and I am working in USA. Consider I earn 100k dollars per year and invested 10k dollars in US stocks which appreciated by 50% that year. Now whom should I report this 5k profit to and pay the capital gains?

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Lerichard52 t1_j28i9qo wrote

Did you sell the stock? You don’t pay taxes on unrealized gains.

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sai_gamer OP t1_j28k5i5 wrote

Yes consider i sold it, should i pay tax for usa where i earnt the money i used for investing or from india whom i am resident of

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SkyliteBlueSnake t1_j2a6cxe wrote

Are you living in India working remotely for a US company? Or are you physically residing in the USA?

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AbandonedSamurai t1_j28tnj4 wrote

Your citizenship does not matter. You are an NRI and a resident of the USA. You invested in the USA and made gains in the USA. Thus, you pay tax in the USA.

However, any income generated in India is taxable in India.

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