Immigration Voice - Forums
Register Get Involved Contact Lawmakers Advocacy Discussion Image Image Image Image

Go Back   Immigration Voice > General Information > Starting and Doing Business in USA
Click to log in with Facebook
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 10-06-2008, 10:42 PM
Senior Member
Priority Date
:
Jul-07
Category
:
EB3
I140 Mailed Date
:
Chargeability
:
India
Processing Stage
:
I-140
I485 Mailed Date
:
Compare
Join Date: Jun 2007
Posts: 143
Circus123 is just really nice Circus123 is just really nice Circus123 is just really nice Circus123 is just really nice
Post Stock Trading on H1-B

Guys,
I just wanted to get an opinion of the gurus whether a person can deal with stock trading while on H1-B visa. Can someone point me to some documentation or laws on this? I plan to open an account with e-trade/scott trade .... Your comments are appreciated.
Bookmark and Share Compare Reply With Quote


  #2 (permalink)  
Old 10-06-2008, 10:47 PM
Senior Member
Priority Date
:
Oct-07
Category
:
EB2
I140 Mailed Date
:
Chargeability
:
India
Processing Stage
:
I-140
I485 Mailed Date
:
11/03/2011
Compare
Join Date: Jul 2007
Posts: 900
belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute belmontboy has a reputation beyond repute
Default

Quote:
Originally Posted by Circus123 View Post
Guys,
I just wanted to get an opinion of the gurus whether a person can deal with stock trading while on H1-B visa. Can someone point me to some documentation or laws on this? I plan to open an account with e-trade/scott trade .... Your comments are appreciated.
what laws are you looking for?

AFAIK, there are no restrictions on H1B holder trading a/c. They enjoy same privileges as everybody else.

Uncle sam doesnot care as long as you pay the taxes on ur profits.
__________________
PD: Oct 2007, EB2
I-140 - Approved Sep 2008.
485 - Nov 4, 2011 (RD)
485 approved on Jan 25,2012.
Physical cards received on Jan 30, 2012
one time contribution - 100$
one time contribution for April 2011 Advocacy days - 50$

Last edited by belmontboy; 10-06-2008 at 10:50 PM.
Bookmark and Share Compare Reply With Quote


  #3 (permalink)  
Old 10-06-2008, 11:02 PM
Senior Member
Priority Date
:
Jul-07
Category
:
EB3
I140 Mailed Date
:
Chargeability
:
India
Processing Stage
:
I-140
I485 Mailed Date
:
Compare
Join Date: Jun 2007
Posts: 143
Circus123 is just really nice Circus123 is just really nice Circus123 is just really nice Circus123 is just really nice
Default

Thanks
Bookmark and Share Compare Reply With Quote


  #4 (permalink)  
Old 10-08-2008, 12:27 PM
Senior Member
Priority Date
:
Mar-05
Category
:
EB2
I140 Mailed Date
:
01/01/2006
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
07/19/2007
Compare
Join Date: Sep 2008
Posts: 336
chi_shark is a glorious beacon of light chi_shark is a glorious beacon of light chi_shark is a glorious beacon of light chi_shark is a glorious beacon of light chi_shark is a glorious beacon of light
Default no issues

stock trading for yourself on your personal account is no issues... if you setup a corp and do it through that corp, then you need a secondary H1 B...

Quote:
Originally Posted by Circus123 View Post
Guys,
I just wanted to get an opinion of the gurus whether a person can deal with stock trading while on H1-B visa. Can someone point me to some documentation or laws on this? I plan to open an account with e-trade/scott trade .... Your comments are appreciated.
__________________
--------------
PD: Mar 2005
Cat: EB2
I-140 AD: Jan 2008
I-485 RD: July 20 2007
I-485 ND: Sept 29 2007
EAD: on second EAD
have used AC21
Bookmark and Share Compare Reply With Quote


  #5 (permalink)  
Old 10-08-2008, 01:33 PM
Senior Member
Priority Date
:
Dec-05
Category
:
EB2
I140 Mailed Date
:
12/09/2005
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
08/15/2007
Compare
Join Date: May 2008
Posts: 433
Blog Entries: 1
gcdreamer05 is a splendid one to behold gcdreamer05 is a splendid one to behold gcdreamer05 is a splendid one to behold gcdreamer05 is a splendid one to behold gcdreamer05 is a splendid one to behold gcdreamer05 is a splendid one to behold gcdreamer05 is a splendid one to behold gcdreamer05 is a splendid one to behold
Default

One more additional question on this, say we open a trading account now and we buy shares in 2008 , but do not sell it yet (meaning no income was made in 2008), then will there be any impact or any additional filing to be made for 2008 tax returns, or how does stock trading relate to tax returns...
Bookmark and Share Compare Reply With Quote


  #6 (permalink)  
Old 10-08-2008, 01:34 PM
Senior Member
Priority Date
:
N/A
Category
:
N/A
I140 Mailed Date
:
Chargeability
:
Nigeria
Processing Stage
:
N/A
I485 Mailed Date
:
Compare
Join Date: Apr 2006
Posts: 254
Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of
Lightbulb Think about it this way

I am sure you don't even have to be in the US to trade in US stocks. There are people that have never been to the US that participate actively in US stocks and just as Americans participate in some foreign markets too.

In the final analysis, most restrictions on H1B workers are stupid.
__________________
Arrived F1: Dec. 2001
H1-B: May 2005
Labor Applied: No
I-140 Applied: No
I-485 Applied: No
Laid off: April 2009
Departed USA: May 2009
Bookmark and Share Compare Reply With Quote


  #7 (permalink)  
Old 10-08-2008, 01:37 PM
Senior Member
Priority Date
:
N/A
Category
:
N/A
I140 Mailed Date
:
Chargeability
:
Nigeria
Processing Stage
:
N/A
I485 Mailed Date
:
Compare
Join Date: Apr 2006
Posts: 254
Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of Alabaman has much to be proud of
Default

Quote:
Originally Posted by gcdreamer05 View Post
One more additional question on this, say we open a trading account now and we buy shares in 2008 , but do not sell it yet (meaning no income was made in 2008), then will there be any impact or any additional filing to be made for 2008 tax returns, or how does stock trading relate to tax returns...
Until you sell then there is no gain nor loss. If u sell and loose, then you report the loss in your tax return...if you gain you report the gain and you are taxed accordingly.
__________________
Arrived F1: Dec. 2001
H1-B: May 2005
Labor Applied: No
I-140 Applied: No
I-485 Applied: No
Laid off: April 2009
Departed USA: May 2009
Bookmark and Share Compare Reply With Quote


  #8 (permalink)  
Old 10-08-2008, 04:37 PM
Member
Priority Date
:
Aug-05
Category
:
EB2
I140 Mailed Date
:
Chargeability
:
India
Processing Stage
:
N/A
I485 Mailed Date
:
Compare
Join Date: Jul 2008
Posts: 76
gcgreen is on a distinguished road
Default

You do have to pay taxes on any dividends you earn. Your brokerage firm will send you an 1099 form at the end of the year detailing your income.

If you do sell stocks and otherwise have capital gains or losses to report, you will typically file a Schedule-D form along with your 1040.

To my knowledge, as long as you are a "passive" investor, there is no problem with investing. You cannot be an "active" investor when on H1-B, unless you have another H1-B that supports your "active" investment activities. Put simply, if you are buying stocks and holding on to them for a period of time before you sell, you are fine. But if you plan on becoming a day trader (very good time right now to make and lose money, with all this volatility) then you likely are an "active" investor.

I am not a lawyer, and the above is my common sense understanding.


Quote:
Originally Posted by gcdreamer05 View Post
One more additional question on this, say we open a trading account now and we buy shares in 2008 , but do not sell it yet (meaning no income was made in 2008), then will there be any impact or any additional filing to be made for 2008 tax returns, or how does stock trading relate to tax returns...
__________________
Good Luck!

Last edited by gcgreen; 10-08-2008 at 04:39 PM.
Bookmark and Share Compare Reply With Quote


  #9 (permalink)  
Old 10-08-2008, 04:56 PM
Junior Member
Priority Date
:
Dec-07
Category
:
EB3
I140 Mailed Date
:
Chargeability
:
India
Processing Stage
:
Labor Certification
I485 Mailed Date
:
Compare
Join Date: Apr 2008
Posts: 4
tom123 is on a distinguished road
Smile stocks

Hi,

Active trader / Passive Trader hmm !!! interesting.

1) if you have money and time u can do as many trades as u like ( no restrictions ) even u can execute a trade every minute ( provided ur employer won't mind )

2) Taxes has to be reported only on closing of position ( either in capital gain / loss ) as said by others

FYI: for tax terms refer captial gains tax details ( as of now more than 1 year holding 15%, less than a year is > 15% etc., )

Hope you make some money.
Bookmark and Share Compare Reply With Quote


  #10 (permalink)  
Old 05-22-2009, 09:42 AM
Senior Member
Priority Date
:
Sep-04
Category
:
EB2
I140 Mailed Date
:
07/24/2007
Chargeability
:
India
Processing Stage
:
I-140+I-485
I485 Mailed Date
:
07/24/2007
Compare
Join Date: Oct 2006
Posts: 151
sk2006 is infamous around these parts sk2006 is infamous around these parts sk2006 is infamous around these parts sk2006 is infamous around these parts sk2006 is infamous around these parts sk2006 is infamous around these parts sk2006 is infamous around these parts
Default

Quote:
Originally Posted by Circus123 View Post
Guys,
I just wanted to get an opinion of the gurus whether a person can deal with stock trading while on H1-B visa. Can someone point me to some documentation or laws on this? I plan to open an account with e-trade/scott trade .... Your comments are appreciated.
You can do stock trading on H1B.
You can own stocks. Don't you get stock options from your company?
I am doing it since 2000.
Bookmark and Share Compare Reply With Quote


  #11 (permalink)  
Old 05-22-2009, 11:29 AM
Senior Member
Priority Date
:
Feb-05
Category
:
EB2
I140 Mailed Date
:
03/20/2005
Chargeability
:
India
Processing Stage
:
I-140+I-485
I485 Mailed Date
:
07/02/2007
Compare
Join Date: Jul 2007
Posts: 312
solaris27 is infamous around these parts solaris27 is infamous around these parts solaris27 is infamous around these parts solaris27 is infamous around these parts
Default yes u can do it

yes u can do it
__________________
Contribution: $$ + Faxes + Calls
Not an Attorney, just sharing my experience.
Bookmark and Share Compare Reply With Quote


  #12 (permalink)  
Old 05-22-2009, 11:47 AM
Senior Member
Priority Date
:
Nov-06
Category
:
EB3
I140 Mailed Date
:
01/02/2007
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
07/27/2007
Compare
Join Date: Jul 2007
Posts: 101
puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute puddonhead has a reputation beyond repute
Default Active Trader - OK. Active Investor - Not OK

The terms "Active Trader", and "Active Investor" may sometimes denote two completely different things.

"Active Trader" (http://en.wikipedia.org/wiki/Active_trading) is one who does day trading. While this opens you up to a pandoras box of regulatory and compliance related stuff - which I would find to be too onerous as an individual - it is perfectly OK to do this in H1B from an immigration law standpoint.

The term "Active Investor" is sometimes used to refer an "Active Trader" - and at some other times loosely used in lieu of "Activist Investor" (http://en.wikipedia.org/wiki/Activist_investor). It is NOT OK for an H1B to be an activist investor.
__________________
High Five
--------------
http://immigrationvoice.org/forum/sh...ad.php?t=20183
Bookmark and Share Compare Reply With Quote


Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Day trading while on H1B? shishya Tax, Social Security and Financial Issues for Immigrants and Nonimmigrants 24 08-20-2013 09:46 AM
Trading Stock while out of Country... jackal.abcd Immigrant Visa 1 11-04-2010 04:18 PM
Stock trading with LLC firm while on H1B and doing internet biz on side k_sing All other Green Card Issues 19 06-22-2009 06:33 PM



All times are GMT -4. The time now is 07:29 AM.


Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
(c)ImmigrationVoice.org