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Ok okonomi. Let me see if I can explain it better this time:-) 1. My W2 shows 75K. My employer keeps track of details for each vestings including how much income for India & US and corresponding taxes paid to respective countries. Please note that US tax is withheld for 25K (marked as tax liability ...

Thanks Okonomi for your quick response. My RSU income is mixed that is some were granted & vested in India and rest were granted in US & vested in India. Since this amount is deducted from total income one time to address double reporting, can it be included in FEI ? My paid tax person is of the ...

Dear Rajesh,

Could you please provide your views on my query on "double counted RSU and FEI exclusion" posted here ?
[url]http://www.r2iclubforums.com/forums/showthread.php/39665-Double-counted-RSU-and-FEI-exclusion?p=628662#post628662[/url]

Thank you.

Hello All, I have a doubt on FEI exclusion pertaining to vested RSU India income for US tax filing. Kindly help to clarify this please. I had worked in US and relocated to India and continuing with the same company here. a. W2 has reported vested RSU income of 75K = 25K US portion + 50K India ...

Thank you Rajesh. I see the errors that you pointed out; Updated one below. ***************************** {FY Apr-Mar} {Days in India} 2015-------------365 2014-------------357 2013-------------298 2012-------------0 2011-------------36 2010-------------0 2009-------------21 2008-------------30 2007 ...

Hi Rajesh, As per below RNOR guidelines you posted ([url]http://www.r2iclubforums.com/forums/showthread.php/27918-New-RNOR-Calculator-by-Ambhi[/url]), cumulative stay in India of immediate previous 7 years to be considered and it has to be 729 days or less. Though this is done correctly in RNOR ...

As per below RNOR guidelines, cumulative stay in India of immediate previous 7 years to be considered and it has to be 729 days or less. Though this is done in Ambhi?s calculator, number of days outside India in current Financial year is deducted (in step-3) from 7 year cumulative days. Is this ...

[QUOTE=gotskiz;590728]Sorry I should have asked this qn first. Are you GC, USC? I am not familiar with rules in the case of USC/GC. What i have given below applies to alien non-resident status (for U.S tax purposes)[/QUOTE] Thanks for your response. I have GC. [QUOTE]For non-resident alien, then ...

Thank you gotskiz. So this is what I need to do then: 1. re-base (sell and buy the same MF) funds in taxable account before RNOR ends. Pay CG tax to US and none to India now. Later when this is sold, pay CG (after readjusted cost basis) to both countries 2. Similarly for 401K funds but it does not ...

Any help on this please ? Thank you. [QUOTE=Kumar;576505]Desi, how do I tweak this strategy for my scenario? Though I relocated to india, I am continuing with the same employer, hence 401K can NOT be rolled over to IRA. I have one more year of NROR status. Should I sell all (~300K) in 401K right ...