Taxpayer was a US Resident Alien. In late 2008 he became a NR Alien. The tax treaty iwth his country gives him no break on US taxes other than he does not have to pay at the 30% rate. Taxpayer has $20,000 of US Corporate dividends in 2009. He is required to file and pay tax on these dividends on a Form 1040-NR. He has $15,000 of fees paid to his money manager in 2009. It appears he can't deduct these. If any one disagrees please educate me.
Also, he had a small amount of stock sales with a $1,000 profit. I believe these are not taxable. Do you agree?
Also, he had a small amount of stock sales with a $1,000 profit. I believe these are not taxable. Do you agree?
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