Yes, you need to find CPA in USA and get it done from them. In January you inform them that you want to file Tax return for global income in USA. They will file extension for you in USA that will give you time to file tax by Oct. File FBAR before march in USA and file IT return in india in April, Once filed in India, Give copy to CPA in USA (IT return, Stock gain/loss, rental income if any or FD or any other income.) They will consider given tax in india and calculate tax in USA.
USA :
short term gain becomes part of your income (Most probably 24% tax kind off)
Long term gain tax is 15%
Only $3000/- loss can be adjusted in one year(If someone made loss of say $9K, you can offset only $3K each year so it will take around 3 years to claim- this is too bad for investors)
Gains are fully Taxed but losses can be adjusted to $3K.
Generally rental income of India does not generate tax in USA and depreciation kicks in that sets off rental income
It is applicable for NRE/NRO all kind off.
Ping me if you need more information.
NOTE: CPA may charge you between $500 to $2K depending on your case.
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