What must Simone do with her stock transaction?
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Does not need to be reported, she is in a nonresident alien status |
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Use the Form 8949 Sales and Other Dispositions of Capital Assets to report the sale. |
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Review the applicable Tax Treaty for the tax rate and report on the Schedule NEC, Tax on Income Not Effectively Connected with a U.S. Trade or Business |
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If the Tax Treaty has a rate of zero, the item does not need to be reported on the tax return |
