r2i forum

Hi,
All your questions are really good and I am getting in the same boat. Did you figure out the answers to your questions?

thanks
kapil

Hi, I R2ied in 2008 and R2Aed in 2015. I got my GC in 2016. I am yet to file my 2016 taxes and am looking for some knowledgeable tax professional who can help. I have MF, stock, LIC etc investments in India. I have rental income. I also have an HUF, EPF. So would like someone who can 1. Help with ...

Have similar questions as you and you have posted quite clearly.
Unfortunately no reply?

regards
kapil

Hi, I was granted ESOPs in 2005 when I was a resident of California. I subsequently moved to India in 2008. I sold some of these ESOPs (which vested in 2007), are these taxable by CA also? If I sell stocks which vest after 2008, I suppose they will be taxable in India right but not in US? thanks ...

I found: [url]http://www.irs.gov/publications/p519/ch04.html#en_US_publink1000222320[/url] which talks about how to assess effectively connected income, but not sure I understand it. In 1040NR it implied that if you have got 1099-DIV then its effectively connected income. Is that incorrect ? If W8 ...

Hi, Couldn't find an exact thread for this so using this. Why are Dividends considered NEC (not effectively connected income)? If they are not, then it will be taxed at graudated rate rather than 25% right? Also, a question on ESOP. Are the gains from ESOP (reported on W2) taxable by the state for ...

I agree with the opportunities in Mumbai in IT. I am from the networking and telecom sector and there are very few opportunities in that area in Mumbai in senior positions. I am considering moving to Bangalore initially and then once there, look at opportunities in mumbai/Pune.

[COLOR=red]Thanks Bobus for the prompt reply. 1. If you withdraw a partial amount from IRA/401K , how do you determine what is earnings and what contribution? Could you choose to withdraw all earnings before contribution? This would be useful to NRA so they could withdraw earnings while they are ...

Hi, I read somewhere that NRA are not allowed to convert traditional to Roth, if so, then pls ignore the 3rd point. If allowed, then there may be additional benefit in converting. For eg. if 50K in the 200K is earnings, then when withdrawing from IRA one would have to pay 30% tax (+ penalty). The 30 ...

Hi Bobus, In one of the previous posts you say, one should consider selling all investments and buying again to adjust cost basis for ROR period. However is that really necessary? Wouldn't the price on the last day of RNOR automatically become the cost basis without selling and repurchading those ...