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I am a bona fide resident of the USVI for tax year 2020.  Is interest earned on money in a stateside bank account  considered non-VI source income?  Similarly, are capital gains from the sale of shares in a publicly traded mutual fund considered non-VI source income?

Topic starter Posted : March 8, 2021 9:28 am
Advanced Member


You need to contact a VI tax accountant or the BIR for a definitive answer...

I did come across this document on the BIR's web site that may provide some vague guidance regarding your questions.


Posted : March 11, 2021 8:57 am
Active Member

Thanks for the help!  I have seen that document - it doesn't really define "non-VI source income".  If anyone else is interested I did find that the IRS website has Publication 570, with Table 2-1 that makes it pretty clear from where interest income is to be considered to have been sourced.  A subsequent section talks about gains from investments.

Topic starter Posted : March 11, 2021 4:41 pm
Gator's Mom
Trusted Member

Publication 570 - Special Rules for USVI Bona Fide Residents starts on page 18.

Posted : March 14, 2021 9:02 am
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