If you first arrived in August 2026 and sell in 2026, you do not owe the federal nonresident capital-gains tax on these ordinary investment gains because you cannot reach 183 actual U.S. days that year—but Pennsylvania may tax you if you became its resident, and selling in INR instead of USD does not change the rule.

You will not be an exempt individual as a student if you have been exempt as a teacher, trainee, student, Exchange Visitor, or Cultural Exchange Visitor on an "F, " "J, " "M, " or "Q " visa for any part of more than 5 calendar years, unless you establish to the satisfaction of the IRS that you do not intend to reside permanently in the United States, and you have substantially complied with the requirements of your nonimmigrant status.

(a)(2)

In the case of a nonresident alien individual present in the United States for a period or periods aggregating 183 days or more during the taxable year, there is hereby imposed for such year a tax of 30 percent of the amount by which his gains, derived from sources within the United States, from the sale or exchange at any time during such year of capital assets exceed his losses, allocable to sources within the United States, from the sale or exchange at any time during such year of capital assets.

(a)(2)

(2) by a nonresident shall be sourced outside the United States.

(g)(1)(A)(i)(II)

(II) is a nonresident alien and has a tax home (as so defined) in the United States

Gain or loss from the sale or exchange of personal property generally has its source in the U.S. if the nonresident has a tax home in the U.S.

Further, college dormitories, fraternity houses, sorority houses and off-campus rentals by students enrolled in college or universities do not qualify as permanent abodes.

Pennsylvania residents are subject to Pennsylvania personal income tax (PA PIT) on all Pennsylvania taxable income classes, both Pennsylvania and non-Pennsylvania source income, though they may qualify for a resident credit for tax paid to other states on income earned outside of Pennsylvania.

Nonresidents are not subject to Pennsylvania tax on ordinary interest and dividends from investments, or gains realized on the sale, exchange, or disposition of intangible property derived from sources within Pennsylvania.

Pennsylvania personal income tax is levied at the rate of 3.07 percent against taxable income of resident and nonresident individuals, estates, trusts, partnerships, S corporations, business trusts and limited liability companies not federally taxed as corporations.

There are no provisions for long-term and short-term gains.

Property Received for Services

If you receive property for services, include the property's FMV in income. The amount you include in income becomes your basis.

The U.S. dollar is the functional currency for all taxpayers except some qualified business units (QBUs).

Article 13

Except as provided in Article 8 (Shipping and Air Transport) of this Convention, each Contracting state may tax capital gains in accordance with the provisions of its domestic law.

Article 21(1)

A student or business apprentice who is or was a resident of one of the Contracting States immediately before visiting the other Contracting state and who is present in that other state principally for the purpose of his education or training shall be exempt from tax in that other state, on payments which arise outside that other state for the purposes of his maintenance, education or training.

If you qualify to exclude days of presence as a student, you must file a fully-completed Form 8843, Statement for Exempt Individuals and Individuals with a Medical Condition with the IRS.

When and Where To File

If you don’t have to file a 2025 tax return, mail Form 8843 to the Department of the Treasury, Internal Revenue Service Center, Austin, TX 73301-0215 by the due date (including extensions) for filing Form 1040-NR.

When To File

If you were an employee and received wages subject to U.S. income tax withholding, file Form 1040-NR by the 15th day of the 4th month after your tax year ends.

When To File

If you didn’t receive wages as an employee subject to U.S. income tax withholding, file Form 1040-NR by the 15th day of the 6th month after your tax year ends.

Who Must File

Every resident, part-year resident or nonresident individual must file a Pennsylvania Income Tax Return (PA-40) when he or she realizes income generating $1 or more in tax, even if no tax is due

When To File

You must file before midnight, April 15 or the next business day if April 15 falls on a Saturday, Sunday or IRS recognized holiday.

Who Must File

Recognizes gain on a direct or indirect disposition of PFIC stock,

This means that their worldwide income is subject to U.S. tax and must be reported on their U.S. tax return.