Questions tagged [f1-student-visa]

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7
votes
3answers
15k views

Is Stock Trading legal for a student on F-1 Visa in USA? [duplicate]

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 ...
6
votes
1answer
484 views

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 ...
4
votes
2answers
768 views

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 ...
4
votes
1answer
248 views

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 ...
3
votes
1answer
2k views

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 ...
3
votes
1answer
2k views

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 ...
3
votes
1answer
1k views

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 ...
3
votes
1answer
3k views

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 ...
3
votes
1answer
179 views

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 ...
3
votes
1answer
5k views

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 ...
3
votes
0answers
69 views

Tax return on income less than 8000 USD from royalties

I am a U.S. Nonresident Alien (graduate student in Seattle, WA). I am married, but my wife is not in US. In 2018, I earned ~8,000 USD in royalties. That's my total US earnings for 2018. I have not ...
3
votes
1answer
79 views

Individual Mandate Penalty for a Resident Alien who left the country in August

I am an F1 student who was in the United States from September 2011 till August 2018. I completed my coursework in May 2015, and stayed in the US for another three years under the OPT provision. I ...
3
votes
0answers
128 views

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 ...
2
votes
1answer
1k views

U.S. nonresident alien: Is my state tax refund taxable?

I am nonresident alien student in US from India and filing 2016 federal tax using 1040-NREZ. I used itemized deductions in 2015 federal taxes (standard deductions). I received state tax refund last ...
2
votes
1answer
750 views

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 ...
2
votes
2answers
184 views

Figuring out eligibility for Substantial Presence Test

I am in the US for the past five years on F-1 Visa.I came here on Jan 01,2011. One of the HR Block Tax Pro that I used for filing 2014 tax returns used Substantial Presence Test where I was considered ...
2
votes
1answer
401 views

Accepting money for college tuition from US citizen

I am a student in the US on a F-1 visa. Can I accept money which will go towards my university tuition from a US citizen? I have a college checking account here and I don't know if I can accept ...
2
votes
1answer
1k views

Can an International student of F1 VISA accept money in her US bank account on behalf of someone else?

My friend is an international student from India, studying in the US (F1 student VISA). I work from India and U.S. client is about to pay me for some writing services. The U.S client agreed to pay ...
2
votes
1answer
63 views

Healthcare requirements for J-1 married to US Citizen

I am a US Citizen and married a J-1 visa holder at the end of December 2017. Facts: I have had healthcare coverage the entire time in 2017 and currently in 2018. My wife is still a J-1 with a ...
2
votes
2answers
441 views

W-7 form for F-2 visa?

I am here on an F-1 visa, my wife is here on an F-2 (both non-resident). My wife doesn't have income, but I do. I think my wife did not have to file tax return but she did and we filed separately. ...
2
votes
2answers
4k views

Question about being a Resident Alien for Tax purposes

I've been in the United States since January 2009 under an F1 student visa. Since that time I have left the united states only once in December 2009. For the past few years I've been filing taxes as a ...
2
votes
1answer
350 views

Legal issues for selling software for a student on F-1 visa [closed]

A friend of mine is going to sell subscriptions for a SAAS software and he is on F-1 student visa as a non-resident alien. I have got a couple questions about legal issues: Does he need to form an ...
2
votes
1answer
262 views

H-1b visa holder with F-1 spouse filling tax jointly

I'm an H-1b visa holder. I got married in this May 2016. My spouse is an F-1 visa holder. What kind of tax return status is correct for this year. Do I have to file as single from January to April ...
2
votes
1answer
1k views

I filed my 2015 taxes with 1040 using TurboTax, but I am F1 student. How should I file for amendment

I am on F1 Visa(International student). I have a W2 from my summer internship. I accidentally filed my taxes using TurboTax with 1040A, but I need to file with 1040NR. How should I file for amendment?
2
votes
1answer
2k views

F1 student in US, correcting mistake in wrong tax form filed

I noticed a similar question In the US as an F-1 student, filed the wrong form last year. But I have something additional to ask. I am a F1 student nonresident alien and, in 2014, I filed form 1040EZ ...
2
votes
1answer
55 views

Confusion with Spouse Allowances on W-4

I'm trying to minimize my tax withholding, but at the same time not to claim more than a correct number of exemptions. I got stuck with my wife's situation. She's a full-time PhD student and ...
2
votes
1answer
2k views

Tax filing for status change - from nonresident F1 to resident H1-B

I have found this question is discussed in several places. I especially found this answer How do I file 2015 taxes for F-1 OPT till Sept 30, 2015 to H-1B from Oct 1, 2015? useful as my situation is ...
2
votes
1answer
3k views

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 ...
2
votes
1answer
685 views

Becoming a resident for tax purposes for F1 student in USA?

I have been in the US since August 2011, during which I left the country only for 3 weeks. Therefore, I must file my taxes this year as a resident alien for tax purposes. So my question is this: ...
2
votes
1answer
115 views

As a student, should I get a credit card from India to the US, or apply for a credit card in the US?

I am planning to travel to the US as a student. I'm currently employed at an IB in India and I could get a credit card with a very good credit limit. However, if I get a credit card after going to the ...
2
votes
3answers
736 views

How can I receive money in the US without having a work visa?

I have a business idea and go to school in the US. I am wondering if I tell my trusted friend my idea and he opens the business under his name (he is a US citizen) and I invest 50 percent of capital ...
2
votes
1answer
48 views

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?
2
votes
0answers
43 views

PA state tax for CA income as an F-1 student (nonresident alien)

I'm currently studying in PA on F-1 visa and have earned my only income last year from CA (internship while on CPT). I understand I should file state tax with CA as a nonresident. But I'm confused ...
1
vote
2answers
14k views

1040 or 1040NR this time?

I am a international student, came to USA on F-1 visa from India and graduated last year. this year (2014) my company filed H1-B and got approval. Now I am on my H1-B from this October. When I file my ...
1
vote
2answers
389 views

Previous Employer withheld FICA taxes. Gave me W2C after I filed for taxes

Currently on F1 Visa status. Previous employer withheld FICA taxes. I realized only after filing taxes. After reaching out to them and explaining, a few months later they finally gave me a W2C but did ...
1
vote
1answer
243 views

Foreign student and substantial presence test

I am an international student on F-1 visa for the past three years. I have maintained F-1 status throughout these years and F-1 is the only visa class I enter the US with in the past three years. I ...
1
vote
2answers
2k views

Passive income for International student

After working 3 jobs and taking advantage of scholarships, I am seeking advice for earning passive income with F1-visa. It's amazing to be able 'buy' time to spent with the family!! I am very ...
1
vote
1answer
521 views

F-1 student investing in foreign markets

I am currently an F-1 student studying in the US. Before I came to the US, I was day trading stocks back home ('a foreign market') - where I am from. Can I still day trade from the US in my home ...
1
vote
1answer
862 views

How do I file 2015 taxes for F-1 OPT till Sept 30, 2015 to H-1B from Oct 1, 2015?

Last year, I've filed 1040NR-EZ myself by entering all the values in the form manually. Because of complications in my case this year, I'm seeking a software's help. I was on F1/OPT From Dec 2012 ...
1
vote
1answer
5k views

What are the tax treaties between USA and India which I can mention in 1040 NR-EZ Item J?

I worked on-campus in 2015 for 2 months during my masters in IT on F-1 Visa as a student. My school paid me around 1500$ for working 2 months on-campus. Then I got an internship in my final semister ...
1
vote
1answer
36 views

Should F2 spouse file 8843?

I have been in the US since 2016 under F1 student visa with my spouse who has F2 visa. Since I am still a non resident alien, I have been filing under single status. However, I learned that my spouse ...
1
vote
1answer
216 views

US investments for a non-resident alien

Where am I allowed to invest my money in the US considering that I am non-resident alien (I have a F1 visa)? I noticed that most of the brokerage or investment platforms online do not allow people ...
1
vote
1answer
645 views

1040NR - India F1/F2 visa - Can we claim standard deduction AND claim my spouse as dependent by filing ITIN

According to Pub. 519 Chapter 5, Indian F1 visa taxpayer can claim spouse as dependent in Line 7c of 1040NR along with ITIN application 'APPLIED', if they don't have income. (My spouse on F2 visa, so ...
1
vote
1answer
143 views

Tax on Profitable Crypto Transfers between the US & India

I am a non resident alien on F1 OPT living in the US, and have noticed an arbitrage opportunity when trading ETH [a cryptocurrency] between the US & India. Assume the following: I bought 5 eth ...
1
vote
1answer
1k views

Married Filing Jointly, moved from F1 to H1B on November 6th

I worked on OPT (F1 visa) in 2017 till November 5th and then moved to H1B. After my research, I found out that I don't pass the substantial presence test since I was under F1 student visa (OPT) for ...
1
vote
2answers
793 views

Is Stock Trading legal for a student on F-1 Visa doing CPT 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 am doing CPT and will be trading with bitcoins. I've found some posts on quora ...
1
vote
1answer
53 views

Filing for taxes as an F-1 on Stipend

I'm an F-1 Student that was on a co-op for 7 months and during this, 14% of my stipend was withheld, every month. Since this was not an employment, I will not be getting a W2, instead I'll be provided ...
1
vote
1answer
780 views

Are there any legal or tax issues for an international student receiving a gift via wire transfer?

I am an international student in the USA. I have a friend in UAE, he wants to send me money to cover my tuition cost ~$2500.00. He is planning to send it through the Western Union or Money gram. Do I ...
1
vote
1answer
652 views

non-resident alien e-filed using turbotax!

I am a non-resident alien and efiled using turbotax. Turbotax is generated form 1040-NR and a day after it stated that "Your 2015 Personal return was accepted!" The thing is everywhere mentioned that ...
1
vote
1answer
398 views

Can I claim Spouse Exemption if my wife was on B2 tourist visa?

I was an F1 student in 2015. My wife stayed with me in California for 59 days during 2015. But she was on B2 tourist visa and NOT F2 dependent visa which she is NOW. For filing my tax returns for the ...