Day trade in cryptocurrency on H1 B

Walmart superx
Nov 5 7 Comments

Hey guys, can we day trade cryptocurrencies while on H1 B?

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TOP 7 Comments
  • New qiEe55
    Just make sure you're reporting them on your tax returns eventually. IRS has started coming after crypto investors and traders. I think Coinbase gave them a dump of all its user data.
    Nov 5 0
  • Microsoft ScionTC
    I think the key part here is day trading, which could be considered a second job, which you can’t have on H1B. You can own and trade crypto, but I would do further research or consult with professionals to see what the deal is with day trading (there is a very precise legal definition for it) and its relationship to your H1B status.
    Nov 5 2
    • VMware / Eng Codeyard
      What are the basis for your advice of day trading being considered second job? Any links? Or is it your invention?
      Nov 5
    • New qiEe55
      No h1b limitations for these things. Microsoft is overthinking this.
      Nov 5
  • Walmart superx
    OP
    Thanks
    Nov 5 0
  • New DFAQ43
    Sure...
    Nov 5 0
  • VMware / Eng Codeyard
    Yes! Investment is allowed on H1-B. It is the same case as doing day trading for stocks, buying-selling home
    Nov 5 0

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