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Trivial Question: Internet Investments

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  • Trivial Question: Internet Investments

    This would be a very trivial question.

    I'm in the US on a F-1 visa.

    I've invested money in internet domain names, which are essentially contracts to use/buy/sell/lease an internet web address for a specified period of time. I actively buy/sell these domain names, but earn NO regular income from them. I make a profit only when someone buys my domain name.

    Is this kind of investment allowed to a F-1 visa holder? The thing with internet domain names is that I can own them from ANYWHERE in the world. Thus, they are 'global' property in a way, and does not belong to any particular place. Since they are 'contracts', they don't 'belong' to anyone either.

    I know I should be consulting a proper immigration attorney in this case, but any help here would be appreciated.

  • #2
    you can do it legally.

    As far as you are not working for somebody and getting pay checks or no pay checks.

    Originally posted by puranjay
    This would be a very trivial question.

    I'm in the US on a F-1 visa.

    I've invested money in internet domain names, which are essentially contracts to use/buy/sell/lease an internet web address for a specified period of time. I actively buy/sell these domain names, but earn NO regular income from them. I make a profit only when someone buys my domain name.

    Is this kind of investment allowed to a F-1 visa holder? The thing with internet domain names is that I can own them from ANYWHERE in the world. Thus, they are 'global' property in a way, and does not belong to any particular place. Since they are 'contracts', they don't 'belong' to anyone either.

    I know I should be consulting a proper immigration attorney in this case, but any help here would be appreciated.

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    • #3
      However, if someone is going to send you 1099 for the income generated, you are in trouble.
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      • #4
        Thanks
        I looked up the 1099 form. I don't believe any of my work has anything to do with individual contractors. I merely buy and sell names, from the owners themselves, so it is, in a way, merely the buying and selling of individual goods, except that the value of the goods is quite large (though the volume is very small)

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        • #5
          Talk to your CPA

          .

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