pk
Level 15
Level 15

Investors & landlords

@Raj2310 , 

 

(a) Can you continue to hold the vested RSUs even when you have abandoned your GreenCard and live abroad ----  YES

(b)  Is there any tax advantage  in  selling these  here in the US as opposed to sell these later  in India -----  Depends  on  the  then exchange rate and if these stocks are listed in India.   If these stocks are  tradeable  ONLY in US ( like OTC stocks ), then you have to  sell these through your broker in the USA, considered as US sourced income and be taxed both in India  and US.   Note  that as  NRA ( Non-Resident Alien ) the tax rate may be the flat 30%. -- depends on the  tax treaty.

(c) Note that being a Long-Term Resident, when you file for abandoning  your residency  ( I-407 , I think ) you also have to file a  form 8854  to cancel your Tax Residency.    IRS may want you to pay  tax on the gain of these RSUs till date  ( thus increasing your basis ).

 

Please this from the IRS --->   Expatriation tax | Internal Revenue Service (irs.gov).

 

Is there more I can do for you ?

 

Namaste ji

 

pk