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Investing in stocks / funds - L1 visa holder

Investing in stocks / funds - L1 visa holder

Old Mar 25th 2012, 10:48 pm
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Default Investing in stocks / funds - L1 visa holder

Are there any rules against investing / making investment income from stocks / bonds funds in the US for L1 visa holders?
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Old Mar 25th 2012, 11:04 pm
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Default Re: Investing in stocks / funds - L1 visa holder

Originally Posted by EricK View Post
Are there any rules against investing / making investment income from stocks / bonds funds in the US for L1 visa holders?
No.

Just make sure that you correctly report any income that results from this activity on your US State and Federal tax returns when the time comes.
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Old Mar 25th 2012, 11:16 pm
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Default Re: Investing in stocks / funds - L1 visa holder

Great, thank you.
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Old Mar 25th 2012, 11:23 pm
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Default Re: Investing in stocks / funds - L1 visa holder

If you invest through a US broker, you will get a consolidated 1099 statement at the beginning of the year which will list all interest, ordinary dividends, qualified dividends, foreign taxes paid, and all shares bought and sold.
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Old Mar 26th 2012, 3:21 pm
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Default Re: Investing in stocks / funds - L1 visa holder

Originally Posted by Michael View Post
If you invest through a US broker, you will get a consolidated 1099 statement at the beginning of the year which will list all interest, ordinary dividends, qualified dividends, foreign taxes paid, and all shares bought and sold.
I'd stick with a low cost option like Vanguard, Fidelity or Schwab
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Old Apr 28th 2012, 2:00 pm
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Default Re: Investing in stocks / funds - L1 visa holder

Hi,

Originally Posted by nun View Post
If you invest through a US broker, you will get a consolidated 1099 statement at the beginning of the year which will list all interest, ordinary dividends, qualified dividends, foreign taxes paid, and all shares bought and sold.
I'd stick with a low cost option like Vanguard, Fidelity or Schwab
Sorry but I'm confused: aren't Vanguard/Fidelity/Schwab US brokers providing yearly 1099 statements?

Thanks in advance for the clarification,
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Vall & Mo.
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Old Apr 28th 2012, 2:15 pm
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Default Re: Investing in stocks / funds - L1 visa holder

Originally Posted by VallAndMo View Post
Hi,



Sorry but I'm confused: aren't Vanguard/Fidelity/Schwab US brokers providing yearly 1099 statements?

Thanks in advance for the clarification,
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Yes they are, but I prefer them over some other providers because of their low fees and the availability of a wide range of inexpensive passive index funds.
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Old Apr 29th 2012, 6:53 am
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Default Re: Investing in stocks / funds - L1 visa holder

Hi Nun,

Originally Posted by nun View Post
Yes they are, but I prefer them over some other providers because of their low fees and the availability of a wide range of inexpensive passive index funds.
That's what we thought you meant... thanks for the clarification!

Regards,
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