r2i forum

Hi All, I have a loss in my year to date returns in my 401k :emcry:. I have quit that job and would like to rollover the money into an IRA. Is there any way to get tax relief for the loss amount at the time of rollover (or at the time of withdrawal)? If so, what are the documents that would be ...

Welcome0001,

GC holders should file as residents and not as NRA ...can anybody pls confirm ?

Thx

I also had 2 slightly different questions 1) since US residents have to report global income , how do we report earnings in India ? Also, how much tax is payable to US ? 2) Is it advisable to open FCNR or NRE FDs for savings before leaving US ? Will that help with taxes in India (I checked with ...

Thank you for your responses ... Reg response in message # 4 : I will be filing as US resident since I am currently having GC- don't believe I can benefit from any tax advantages for NRAs. Yes, ESPP is non qualified stock options. From what I understand, it might be good to sell these off. (dont ...

Hi All, We are R2iing in 1 week... I have an urgent query related to ESPP and ESOP sales. I am currently GC holder and plan to maintain residency and apply for citizenship in 1.5 years. I have about 20k in stock options that I have to exercise ASAP or I might lose them. Should I cash it out or ...

Hi All, We are planning to relocate to India for some time (~1.5 years) for personal reasons and return back to US and settle down after that. Please look into the details below and advise if we would be eligible for USC in Jun 2009- PR Approved (I 551): Jun 04 Days Out of US till date : 200 days (7 ...

Hi Loveindia,

Thank you for your detailed post and useful tips ! Appreciate your inputs.

Regards.

Friends, I am a first time homebuyer in Plano TX and had some questions - Please share any additional tips /useful information - 1) Is it better to take a longer term loan (30 years) and prepay extra amount each month Vs taking a 15 year loan ? What are the pros and cons ? 2) Whats the difference ...