Lux Investing

U.S. citizen wants to use foreign earned income to invest in the U.S. How do I report it on tax forms?

I'm a U.S. citizen working and living abroad. I use form 2555ez to file US taxes. I want to use some of my foreign earned income to invest in the US. Is the income earned from investments taxable? If so, how do I report it?

Public Comments

1. Yes , it is called passive income , Schedule D . http://www.irs.gov/ >
2. It's fully taxable. How you report it depends upon the type of income. Dividends and interest are reported on Schedule B. Capital gains are reported on Schedule D.