Moving back to home country (things to do?)
Hello, in case folks have to move back to India, can we keep our robinhood/brokerage/fidelity accounts? Also, any info on if we can keep coinbase accounts? Thanks.
Yes. If you declare your USA accounts to India. You declare your income to both India and USA
Transfer your shares to a foreign broker, then sell as a non resident and IRS doesn’t tax it whatsoever.
Will they be taxed in India? I know that the status with regular brokers such as Fidelity can be changed to non resident. Wonder if that works?
No idea about India specifically, but I think generally your tax basis resets to the price on the day you became a tax resident of the new country, so you can legally avoid a lot of cap gains tax this way.
Many US companies give US listed stocks in India. You only need to pay tax once in India due India-USA tax treaty
Tag Amazon in your post - I have seen tons of folks moving back to work at our offices there.
Done. Appreciate it. Thanks