ap_reddy Posted May 19, 2017 Report Share Posted May 19, 2017 My friend 's H1B status (after 6 years stay) is completing AUG/2017. He has no I140 , so planning to move back to India. Can he rent his home legally? He is still paying the Monthly installments( 20 years left) and rent income is more than monthly installments. He wants to come back after some time , so not interested in selling. Link to comment
ajaysharma Posted May 20, 2017 Report Share Posted May 20, 2017 Yes he can. There are some IRS regulations he needs to be aware of, so he needs just make sure he's compliant with the necessary laws. Link to comment
10451 Mill Run Circle, Suite 100
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