r2i forum

I'm doing relatively frequent stock trading in India and ETF in US. The number of trades on an average is one per day which means there are around 200 trades and therefore 400 transactions a year. The US tax forms seem to require every transaction to be listed. At least that was the way when I was ...

Due to PFIC restrictions, it is not possible to invest in Indian mutual funds as US citizen. I was considering if I can invest in individual equities on a SIP basis with discount brokers like zerodha. I have a chronic medical condition and so cannot devote much time to selecting equities. So I was ...

I am a US citizen residing in India for the past several years. I am not working anymore due to a medical condition. I needed to transfer money to my US accounts partly for investment purposes and also for medical treatment. I'm looking to transfer about $ 50,000. However, whenever I go and ask a ...

Hello I received a lump sum payment from a former employer. I am going to invest it slowly over the next one and a half years or so. Ideally I would have put it into a CD while the money is waiting to be invested. However given the near zero rates, I was looking around for some fixed income ...

I have a rental property in Bangalore where I had added kitchen cabinets and wardrobe for renting it out. From what I am reading, it is possible to depreciate home improvements. But am not able to find the proper IRS publication for this. Is it possible for such changes to be either depreciated or ...

If I purchase a tax-free bond that pays annual interest in March from secondary market in September 2016, will I get the entire interest from March 2016 until March 2017? Or will the earlier bondholder get a part of the interest or possibly the entire interest in March 2017? I don't see how that is ...

[COLOR=#333333][I]Does anyone know the tax treatment of provident fund withdrawal under the US laws?[/I][/COLOR] [COLOR=#333333][I]I got conflicting answers after a google search. The IRS publications are also not very clear[/I][/COLOR] [COLOR=#333333][I]I had to withdraw provident fund due to bad ...

Can you please let me know if you were able to determine that taxation for the provident fund

Does anyone know the tax treatment of provident fund withdrawal under the US laws? I got conflicting answers after a google search. The IRS publications are also not very clear I had to withdraw provident fund due to bad health and it is not taxable in India I am a US citizen resident in India Thank ...

As an example this is what I am thinking. Out of the $20,000 annual income, assume that $15,000 is from the fixed deposit and the rest $5,000 is from a mutual fund that will be eventually distributed after 3 years. So when I make a mark to market election in PF IC, then I will have to pay taxes on ...