Questions tagged [f1-student-visa]
118 questions
19
votes
1 answer
Do I pay gift taxes in US, if I send money (>$15000) to my father in India?
I am in the US on F1 visa - OPT, I need to send money to pay off my student loan in India. I have already sent about $25000 to my dad, who has paid it to the bank for my student loan and I am planning to send about $15000 more for the same…
user63762453
- 291
- 2
- 5
8
votes
3 answers
Is Stock Trading legal for a student on F-1 Visa in USA?
I'm an international student in US on F1 Visa. I just want to know if how legal is trading stocks on my visa status. I've found some posts on quora that say Trading is completely legal, but should not be on a daily basis. It's mentioned that trading…
Aditya Vikas Devarapalli
- 183
- 1
- 1
- 5
7
votes
1 answer
Do I have to pay a Health Care Tax Penalty for my F-1 spouse?
I'm an H-1B holder married to an F-1 student for the middle of 2016.
I have insurance coverage through my employer. My F-1 wife doesn't have health insurance. She only has student insurance covered in certain semesters mostly to fulfill school…
sng
- 93
- 3
5
votes
1 answer
US taxation of stock purchase plan for non-resident alien
An individual in USA is a non-resident alien for tax purposes for the whole year. He works for a US corporation in US. He buys stocks under the stock purchase plan of the company and sells it in the same financial year. How should it be taxed, does…
Sharad
- 183
- 6
4
votes
2 answers
US State Tax Filings for international student
I have a classic question that a lot of my peers in my university have.
I am an international student at New York University (NYU) currently on my F-1 visa in the United States pursuing a Masters program. I am in my final semester thus I have been…
qrius
- 549
- 1
- 5
- 10
4
votes
1 answer
Can an F1 student elect to file as a resident alien during the first 5 years?
As stated above, can an F1 student elect to be treated as a resident alien for tax purposes? As in, can an F1 student choose to not exempt their days in the US under the substantial presence test?
Andre
- 41
- 2
3
votes
1 answer
Is filling 1040NR sufficient for Crypto gains for an F-1 student?
On F-1 status since last 16 months. I have gains of less than $100 on Crypto. Transactions were made on Coinbase.com portal in the US. Other income sources include an Internship on my CPT. Is filing the crypto gains as Capital gains on the 1040NR…
marti
- 31
- 1
3
votes
0 answers
U.S. taxes for last year of residency
My situation: I was a student on an F-1 visa in the U.S. during the first half of 2017. I received a salary while being a student. I had been in the U.S. for >5 years, so I was a resident alien for tax purposes. In early July, I had graduated and…
VashVI
- 91
- 4
3
votes
1 answer
Is buying and selling Bitcoin (and other cryptocurrency) legal for a student on F-1 Visa doing OPT in USA?
I know that trading stocks is allowed for F-1 students in the US as long as income/losses are reported when taxes are done. (Is Stock Trading legal for a student on F-1 Visa in USA?)
How about buying and selling cryptocurrency as an investment?…
Sach
- 133
- 1
- 6
3
votes
1 answer
Can a F-1 student visa holder loan a car from bmw?
Here is a little bit background:
I am currently an opt(F-1) student working at a company as a software developer. My company is actively working with a law firm to get me a work visa. A couple weeks ago I went to a BMW dealership and got a brand…
Glenna
- 33
- 3
3
votes
1 answer
Investment options for f1 visa students in USA
I am foreign graduate student in USA. I recently completed my undergrad (from USA) and have a bit of money saved up. I know that F1 students cannot work off campus and other business activities such stock trading etc are prohibited as well. I wanted…
anon_945500
- 133
- 1
- 3
3
votes
1 answer
Can an F1 student working on OPT with a STEM extension earn unrelated self employed income from a foreign employer?
I am currently working in the US for a company where the role is directly related to my major. While I am here, can I complete work for an international company on a freelance (contracted) basis, or do I need to be on their payroll?
Below, it…
JakeD
- 31
- 2
3
votes
1 answer
Am I eligible for a refund of Social Security and Medicare taxes for when I was on an F-1 visa?
This question is for a friend. They came to the United States as a student in 2009 on OPT/F-1 visa. In November of 2011 they started to work for the Department of Defense as a teacher. They had Social Security and Medicare taxes withheld and not…
Craig W
- 16,176
- 4
- 64
- 91
3
votes
1 answer
Can I claim my wife as dependent once she gets her SSN, for a previous years return?
Here are some facts pertaining to my situation:
I'm an international student on F-1 visa, and my wife joined me in US on a F-2 visa
I tried to get a ITIN for her before filing my federal tax return this year, but could not due to circumstances not…
TCSGrad
- 199
- 7
3
votes
1 answer
Student on F1 visa with paid internship: How to estimate & file a tax return for refund?
I'm on an F1 visa, and I did a paid internship for 7 months. My gross earnings was around $27K, and ~$4K was withheld for taxes.
On my pay stub, I see records for:
Federal Income tax,
California State Income tax,
California State DI tax.
What is…
user1143343
- 49
- 1
- 5