Search found 13 matches

by DesiBhai
Sat Jun 11, 2011 4:22 am
Forum: TAT Admin Office
Topic: US Tax withholding for interest payment on loans obtained in India
Replies: -1
Views: 10

US Tax withholding for interest payment on loans obtained in India

Don't know if anyone looked here...but this thread has good information...Still no conclusive answer though...

[url]http://www.askmehelpdesk.com/taxes/home-mortgage-interest-deduction-foreign-property-us-tax-return-415054.html[/url]
by DesiBhai
Sat Mar 08, 2008 4:10 am
Forum:
Topic: Is investing in 529 plan good if planning to R2I
Replies: -1
Views: 0

Is investing in 529 plan good if planning to R2I

[COLOR=black][URL="http://www.r2iclubforums.com/clubvb/member.php?u=3792"]Back2Bang[/URL] [/COLOR] Correct. But here is a strategy for you. [COLOR=black]Contribute to a non-deductible IRA now through 2010 and in 2010 you can convert the IRA to a ROTH IRA as the income limit on ROTH conversion is ...
by DesiBhai
Sun Oct 07, 2007 6:28 am
Forum:
Topic: Traditional IRA - Investing In Real Estate in India
Replies: -1
Views: 0

Traditional IRA - Investing In Real Estate in India

[URL="http://www.r2iclubforums.com/clubvb/member.php?u=4422"]pzm9zl[/URL], Can you send me/ post the names of the companies that will help you do this. I'm curious to find out how do they do this and what they promise. -DesiBhai. [quote=pzm9zl;49215]I just recently came across a article on wall ...
by DesiBhai
Sun Oct 07, 2007 6:23 am
Forum:
Topic: Traditional IRA - Investing In Real Estate in India
Replies: -1
Views: 0

Traditional IRA - Investing In Real Estate in India

[URL="http://www.r2iclubforums.com/clubvb/member.php?u=4422"]pzm9zl[/URL], I'd strongly advice going against this route as there is NO benefit in doing so. Moreover, there are so many other issues that you need to deal with that it will be impossible to complete such a transaction LEGALLY and make a ...
by DesiBhai
Thu Oct 04, 2007 5:34 am
Forum: Misc Classifieds
Topic: Home buying in US
Replies: -1
Views: 17

Home buying in US

OP, Home buying is a very individual decision and a tough one. People buy Homes/Houses for various reasons and I categorize them into 4 buckets. 1. Preference 2. Necessity 3. Investment 4. Or some combination of the above 3. Ask yourself the question "Why do I need a house?" and figure out which ...
by DesiBhai
Thu Oct 04, 2007 5:14 am
Forum: Misc Classifieds
Topic: Home buying in US
Replies: -1
Views: 17

Home buying in US

Don't forget to sell it at some point :emsmilep: If you were to sell the house at the end of 5 years (or whenever you sell it) add another 5%-6% selling costs. In this example it will be around $20-$24k. So if you add the selling cost of $24k to -$46K that is already lost in ownership, the loss will ...
by DesiBhai
Tue Oct 02, 2007 3:08 am
Forum: Misc Classifieds
Topic: Home buying in US
Replies: -1
Views: 17

Home buying in US

The important question to ask yourself is How long are you planning to own that house? H1B or GC or Citizen are all mostly the same from an ownership standpoint. However, since you are on H1 Say, after you buy the house and loose your job for whatever reason, can you still afford to pay for the ...
by DesiBhai
Fri Sep 28, 2007 1:32 am
Forum: Community Lounge
Topic: How to minimize tax on capital gain on Indian Real Estate?
Replies: -1
Views: 13

How to minimize tax on capital gain on Indian Real Estate?

Deleting the post...to continue with the original discussion...Will post my question as a new thread...Sorry...
by DesiBhai
Wed Sep 26, 2007 1:02 pm
Forum: Jobs Available
Topic: What to do with $$ savings
Replies: -1
Views: 0

What to do with $$ savings

Sound Advice [URL="http://www.r2iclubforums.com/clubvb/member.php?u=489"]tejasvee[/URL]. However, given the short timeframe (1-2 years) that TDESI is looking to invest this money, I'd say just stick with a high yeilding CD/Money Market account for the most part. Investing even in an Index fund is ...
by DesiBhai
Wed Sep 26, 2007 12:40 am
Forum: Jobs Available
Topic: What to do with $$ savings
Replies: -1
Views: 0

What to do with $$ savings

truely_desi, To be very specific, if I were to be in your shoes and pick one of the 5 options you presented, I'll go with option 5, Move all the money now and Invest in Indian Real Estate now. My recommendation is based on the following assumptions: 1. I'll not need to have any money in the US. 2. I ...

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