murthyface Posted February 15, 2014 Report Share Posted February 15, 2014 Hi I am have been on H1B for last 6 years, and my I-140 is filed as well. For various reasons I am shifting to H4. While I was on H1B and working, I have multiple trading, investment accounts with Stocks,ETF's via E-Trade. They do send W2 form for filing tax returns every year. - Since I am moving to H4 now, and not supposed to be working. How and what to do with this situation? - I have seen that we can transfer the owner ship of the account, will transferring these assets to my spouse (H1B) a better option? - Can I just add my working H1B, to the same account account and continue trading (I do not do day trading), probably 20 trades in a year. Please suggest, what is correct and best in this situation. I am specially interested in how USCIS is going to see this W2 and tax fining for H4? Can H4's file tax returns for passive investments (I do have stock from my company as well, which I did not sell yet)? Link to comment
JoeF Posted February 15, 2014 Report Share Posted February 15, 2014 Huh? A W2 is for work. For investments, you would get a 1099INT. Passive investment is allowed on H1 or H4, as long as it doesn't take a large part of your day (things like daytrading are out, anyway.) Link to comment
pontevecchio Posted February 15, 2014 Report Share Posted February 15, 2014 Money you already made and Money you invested are yours. H4 has nothing to do with this. Link to comment
t75 Posted February 15, 2014 Report Share Posted February 15, 2014 Investment income is reported as 1099 Link to comment
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