- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Tax situation for person leaving to home country after 10+ years in US in H1B
I have lived in US for >10 years and I still don't have permanent residence or citizenship.
I bought a home in 2014 and I have been living there since. once i move out, I am planning to rent my house for couple of years till i decide if i want to come back to US or not.
Rental Questions
1.Given that I would become a Non resident alien for tax purposes once i move out, what will be the tax on the rental income?
2. What are the things i can deduct in my taxes. I am going to pay a property manager, have some maintenance expenses and also pay the mortgage for my property. Given the mortgage, my net rental income can be negative if i have some big maintenance issue.
Other finance questions
3. How will Long term capital gains work once i move back to home country. If i stayed here it would have been 15%? Does it change if I move back ?
4. Can I still buy/sell stocks in my US trading account ? will there be any issues with it ?