3626186
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

adamukim
New Member

Tax Question - Foreign Country (South Korea)

Hello, 
I am not a U.S. citizen, and I am a Korean citizen with Korean citizenship. 

I lived and worked in the United States for 3 years after graduating college in the States. So, I have social security number (SSN). 


When I was working in the U.S., I filed taxes because I had income. I moved back to South Korea about 2 years ago. Even though I didn't earn any income in the U.S. last year, I still filed taxes in the U.S. because I just felt like I needed to file taxes like I did on my previous years.

Then, I thought about filing it this year. I didn't make any income in the United States. I am not living in the United States. I am not a U.S. citizen. I just have my social security number. 

The only thing is I have my Wyoming based LLC under my name, for which I already filed taxes a couple months ago. (I didn't make any income on that either) 

I filed taxes in Korea already.

Given this situation, a I still required to file taxes this year?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
DaveF1006
Expert Alumni

Tax Question - Foreign Country (South Korea)

No.  You do not have a US reporting requirement.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
adamukim
New Member

Tax Question - Foreign Country (South Korea)

I sold my stocks on Robinhood, but I didn’t make any profit,I sold them at a loss.
Do I still need to file taxes?

Also, when I start running my business next year, will I be able to file taxes then?
If I don’t file taxes this year, could that cause any issues later on?

DaveF1006
Expert Alumni

Tax Question - Foreign Country (South Korea)

No. You still do not need to report your Robinhood sales this year. You earned the income as a foreign resident so you do not have  US reporting requirement. 

 

If you operate your business in South Korea, you still wouldn't have a US reporting requirement unless you live in the US.

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question