stock trading overseas & tax implications

K

keyser1

If you have a brokerage account in a foreign country, and are trading stocks on that foreign exchange, how are your profits/losses taxed in the US?
(assume one is a US Citizen living in the US)

Any links to the tax implications would be helpful

To be more specific, I'm thinking of opening a brokerage account to buy stocks in the indian stock market.
 
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