Lucas, a resident of Brazil, entered the U.S. last year in F-1 immigration status to study engineering. He invested the money that he brought with him in the stock market. During the tax year, he sold some stock to pay tuition and fees. Lucas should report the sale of the stock if:
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He has a loss he can deduct |
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A sale of stock occurred (gain or loss) |
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It is more than his allowable treaty benefit |
