Vanguard asks if we are a Resident or Non Resident with regards to the citizenship in US. H1B falls under NR for citizenship but Resident for Tax purposes right? How does one open a Vanguard account then?
The residency rules for immigration and tax are completely independent, suggest you look up the Alien Tax Guide from the IRS to work out if youโre a resident, the calculation can be non trivial
Yes, I read through the Substantial Presence Test and I qualify for being a Resident. Can I open a Vanguard investment account?
Yes, you are a resident alien ๐ฝ and can open vanguard accounts
Thanks, FB!
Yes i told them i was resident
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Yeah youre resident
So for tax purposes if I'm resident, can I open up a Vanguard account for investment?
Yes. I opened mine when I was on H1B. They want to know if youโre a resident for tax purposes.