International Robinhood User

Yahoo
FireBurn

Go to company page Yahoo

FireBurn
May 5, 2019 4 Comments

So I am not picked in the H1B lottery and have to go back to my country, Korea.

But what happens to my shares in Robinhood account? Can I hold them because I am not cancelling US bank account linked to Robinhood?

Also what happens to the taxes when I do sell the stocks? Can I travel back to US and get the money back? Also do I get taxed both in Korea and US??

Any warnings I have to be aware?

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TOP 4 Comments
  • New
    tRSD24

    New

    tRSD24
    I think you can keep it as long as you want to. Just make sure you file your tax returns every year.
    May 5, 2019 0
  • LinkedIn / Eng
    πŸ–4️⃣

    Go to company page LinkedIn Eng

    πŸ–4️⃣
    I don't think you can. Their brokerage seems to only work for US Residents.
    May 6, 2019 0
  • Dell
    x123

    Go to company page Dell

    x123
    Talk to a tax advisor with expertise in international. I believe that you can keep and perhaps no have to pay tax. Then, check with a tax accountant in your home country to understand implications.. But ask an expert, I'm not one. Good luck.
    May 5, 2019 0
  • New / Eng
    h7j8

    New Eng

    h7j8
    The answer is going to depend on the law in Korea. From the US perspective I think it's fine for a foreigner to hold an account. I'm sure you could get the money out without traveling to the US lol
    May 5, 2019 0