I am currently working on H1B and leaving US sometime this year. Do I need to pay taxes by filing income tax returns if I sell my stocks here in US after 2 years?
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Should I pay taxes when I trade stocks after I leave US
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It's money that you make on the job. But even if day trading is your only occupation, your earnings are not considered to be earned income. This means that day traders, whether classified for tax purposes as investors or traders, don't have to pay the self-employment tax on their trading income.
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Selling / Buying stocks (unless in a 401K plan or Roth IRA) are taxable as capital gains.
As an H1 holder, you are considered a "resident" for tax purposes.
You also need to declare your worldwide income (example: a house you own that has been rented in your homeland)Opinion only. Cannot be construed as legal advice.
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