Hello all
I am a non-US resident who will be arriving on a L-1 visa in Texas by April. I do own investments in US under a W-8BEN form. I will change that upon arriving in US. My question is: Will I be taxed for any dividend and stock sale that happened in the current year but PRIOR to my arrival in US under the new legal condition?
Thanks in advance

Are you married?

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Originally Posted by AtlantaTaxExpert

Are you married?

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Yes, with 3 "kids" ranging from 18 to 23

You can file jointly with your wife and possibly claim all three of your "children" as dependents if they meet certain criteria (mostly involved with attending school). If you file jointly, then the stock transactions prior to your arrival will be subecjt to U.S. taxes.

You can file dual-status, claiming your wife and children as dependents (subject to the criteria noted above), in which case the pre-arrival stock transactions are NOT subject to U.S. taxes.

You have to compute the taxes both ways to determine which way is better.

If you need my professional tax help, contact me at [email protected].

Thanks for the information, ATE

Glad to help!