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    yangcui888's Avatar
    yangcui888 Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 16, 2011, 02:06 PM
    F1 visa with eBay profit
    Hi,
    I am a international student with F1 visa. Here is my situation.

    In 2010 I earned $4000 income (about $1500 net profit) on the eBay selling and I heard that is illegal as a F1 visa student. So I stopped to selling on eBay.
    Recently, I am confusing if I need to report this income.

    What if I just report on campus income without eBay income. Will IRS know about this?
    If they will find out this income, Does that affect applying H1-b visa and Green card ?

    What if I report this income from eBay. Does this Tax report affect applying H1-b and green card in the future ? Cause I have already violated F1 visa regulations.
    If I have to report this income what kind of form should I file.

    I don't care about how much Tax should I pay. I am just worried wrong decision affect my Visa.

    Thanks
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Feb 17, 2011, 01:58 AM

    Yes, you must report the eBay income. You are self employed. You will report your income and business related expenses on schedule C or C-EZ (Form 1040). Then you put net income (or loss) on line 12 of Form 1040. On F-1 you will not pay SE tax so you need not do form SE. Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor
    yangcui888's Avatar
    yangcui888 Posts: 2, Reputation: 1
    New Member
     
    #3

    Feb 18, 2011, 10:51 AM
    Do I need to file W2 form ? Or just schedule C ?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #4

    Feb 18, 2011, 11:52 PM

    You must report all you income-- including W-2 income and self employed income. Tax Filing -- Nonresident http://taxipay.blogspot.com/2008/03/...s-for-non.html

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