Thank you for your response. I need one clarification regarding the income calculation, and one question regarding SIP.
Let's say I purchase a Mutual Fund in 2010, and sold it in 2019 and received a gain of $1000. From what I understand, I have to distribute the gain of $1000 to the date from which I acquired, and calculate the tax.
So, should I allocate $1000 over the 10 years, from 2010 until 2019, ie, $100 per year, and then calculate the tax due for the years since I became a US tax resident (2017)?
Or should I spread the $1000 to 3 years from 2017-2019 at $333 per year, and then compute the tax liability?
SIP is Systematic Investment Plan, where you invest a small fixed amount, say $100 per month, over many years (5, 10, 15 and so on). There are purchases throughout the year. I have some that continued even after I became a US tax resident. For such funds, what is the proper start date? Should I use the date of acquisition for each set of shares, or a specific date, such as 1st of Jan or 31st of Dec?
