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-   -   Sold ESOP(of a usa company) in India and then shifted to USA (https://www.askmehelpdesk.com/showthread.php?t=548569)

  • Jan 27, 2011, 06:48 PM
    modiajay
    Sold ESOP(of a usa company) in India and then shifted to USA
    Hi,

    I was working for a US company X in India and it is listed in NASDAQ. The company granted me ESOPs which I sold in april-may 2010. Then I left the company X(may 12, 2010) and joined a different company Y in USA(I shifted to USA). The tax was deducted by etrade at source when I sold the shares. That tax is withheld with GOI(government of India). Since I don't have full year India income(april-2010 to march 2011), I hope I'll get some tax refund when I'll file the return in India(After march 2011).
    Now my problem is how should I mention the shares income in USA. Does it income count as USA income.

    I never traveled to usa before may 2010.
    Please help.

    Thanks,
    Ajay
  • Jan 27, 2011, 07:21 PM
    MukatA

    If you are not U.S. citizen or resident at the time you sold the stocks, it is not taxable in U.S.
  • Jan 27, 2011, 07:30 PM
    modiajay
    Thanks Mukta for your quick answer.
    But as I relocated to usa in may 18, 2010. I have to file the usa return as resident(even though I am on work visa, this as per Google knowledge).
    Should I mention the income[indian salary(1 jan 2010 to may 2010) + esop] as foreign income with tax I have paid in india.

    I appreciate your help.

    Thanks,
    Ajay

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