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

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

Do i qualify as an accredited investor if we only meet one of the financial criteria or do you need to meet both?

the two criteria I'm referencing are 1) net worth over 1mm (excluding primary residence) and 2) individual income over 200k or joint income over 300k for two previous years
Connect with an expert
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.

1 Reply
DavidD66
Expert Alumni

Do i qualify as an accredited investor if we only meet one of the financial criteria or do you need to meet both?

You only have to meet one.  The Requirements according to the SEC website an Accredited Investor has:

 

  • Net worth over $1 million, excluding primary residence (individually or with spouse or partner)
  • Income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year

 

 

 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies