What types of taxes should L1 non-resident should file who have foreign asset and have invested in Us stocks?

[SmritiShrestha]

What types of taxes should L1 non-resident should file who have foreign asset and have invested in Us stocks?

Actually can L! non-resident, invest in trading, additional 401K outside employer. How these should be filed?

[SabrinaD2]

As an L-1 non-resident, you may need to file:

• Form 1040-NR for all  U.S. income, including investment trading income. Form 8938 for foreign assets over $50,000, and FinCEN Form 114 if foreign accounts exceed $10,000. Additionally, use Form W-8BEN to certify your foreign status and claim tax treaty benefits. 
• U.S. Stocks: Yes, you can invest. Report income on Form 1040-NR
• You contribute to a 401(k) through your employer only.

TurboTax partner SprintTax supports the 1040-NR.

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