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    vandalo33's Avatar
    vandalo33 Posts: 3, Reputation: 1
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    #1

    Feb 17, 2007, 05:03 PM
    Taxes on Dividends prior to entering US
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 18, 2007, 12:21 PM
    Are you married?
    vandalo33's Avatar
    vandalo33 Posts: 3, Reputation: 1
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    #3

    Feb 18, 2007, 03:54 PM
    Quote Originally Posted by AtlantaTaxExpert
    Are you married?
    Yes, with 3 "kids" ranging from 18 to 23
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Feb 18, 2007, 06:45 PM
    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].
    vandalo33's Avatar
    vandalo33 Posts: 3, Reputation: 1
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    #5

    Feb 19, 2007, 05:11 AM
    Thanks for the information, ATE
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #6

    Feb 19, 2007, 01:42 PM
    Glad to help!
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