Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Nonresident Income and Deductions

Summary and Exercises

Question 3 of 4

Davi, 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. Davi should report the sale of the stock if:

He has a loss he can deduct
A sale of stock occurred (gain or loss)
It is more than his allowable treaty benefit