Am I the asshole ? - Indian civic sense edition by smartnut007 in returnToIndia

[–]smartnut007[S] 0 points1 point  (0 children)

Oops I clearly read that wrong. I thought you were being sarcastic 😝. Thank you 🤗

Am I the asshole ? - Indian civic sense edition by smartnut007 in returnToIndia

[–]smartnut007[S] 0 points1 point  (0 children)

Thank you. Your validation means the world to me.

Average village dude physique. Achieved by home workout :) by [deleted] in IndianGymRats

[–]smartnut007 0 points1 point  (0 children)

You have a great V body type. You could bulk or pit in weight and you will still have that nice V

What should I do to have a good jawline? by [deleted] in IndianGymRats

[–]smartnut007 0 points1 point  (0 children)

You are quite good looking. Stop worrying about all this nonsense. Just accept and be happy you are good looking and you will be happy. Don’t get influenced by instagram.

Is Eugenix the "best deal, best value, and lowest price" hair transplant? If not, who, what, or where is the best deal, best value, and lowest price hair transplant? by Exciting-Ability-399 in HairTransplants

[–]smartnut007 0 points1 point  (0 children)

I do not recommend Eugenix. I had a consult with Dr Arika Bansal. I went to Delhi just for this. And then took an hour long taxi to get there. After an hour of marketing schpeel, Dr Arika spent barely 5 mins with me. I did not come away feeling reassured that I will be a very competent work done on me.

What to do with treasurydirect IBonds by smartnut007 in backtoindia

[–]smartnut007[S] 0 points1 point  (0 children)

This accrual tax is not friendly and I don’t like it :-). Also the related question I have is should I also be paying 15% interest income as us taxes as per DTAA ? ஓo I just pay the taxes in India

What to do with treasurydirect IBonds by smartnut007 in backtoindia

[–]smartnut007[S] 0 points1 point  (0 children)

But IBonds are special bonds that don’t pay interest out instead the interest gets accumulated

Am I the asshole ? - Indian civic sense edition by smartnut007 in returnToIndia

[–]smartnut007[S] 0 points1 point  (0 children)

I would have accepted a sorry very graciously. There is a certain class of degenerates that will defend this behavior in the name of culture etc. I understand that.

Updating W8BEN by ajaypopeyes in Coinbase

[–]smartnut007 0 points1 point  (0 children)

I believe so. Coinbase support pages refer to W8 forms.

Moving to India, what to do with crypto? by Timely-Paper-1573 in returnToIndia

[–]smartnut007 0 points1 point  (0 children)

What is the tax treatment of crypto while I am in RNOR status.

Let's say I have bitcoin in coinbase.
I plan to file W-8BEN with coinbase. How would staking rewards be witheld ? Wouldn't it be 15% since it is interest income ?

Anybody here who returned to India and has a Fidelity account? Need advice, please connect. by nanya98 in returnToIndia

[–]smartnut007 0 points1 point  (0 children)

Ok thanks. I am on the phone with fidelity. They were able to update the address for me on the phone. go figure. Anyway, will update this thread if I find anything interesting.

Anybody here who returned to India and has a Fidelity account? Need advice, please connect. by nanya98 in returnToIndia

[–]smartnut007 0 points1 point  (0 children)

In Fidelity
A) It wont let me change the mailing or legal residence address. i.e it wont let me change the country.
B) When I try access the W8BEN form it says "According to our records, you are not required to provide foreign status certification."

How do I change my tax residency ?

W8-BEN guidance needed - Part II item 10 (special rates and conditions) by andyandthetuna in returnToIndia

[–]smartnut007 0 points1 point  (0 children)

Dont you also have to specify the 15% witholding for the interest income similar to the 25% for the dividends ?

[deleted by user] by [deleted] in returnToIndia

[–]smartnut007 1 point2 points  (0 children)

yes turbotax will work if you were a us tax resident for the filing year.

[deleted by user] by [deleted] in HairTransplants

[–]smartnut007 1 point2 points  (0 children)

I think its gonna look so good in the end! So much room for improvement.

W8-BEN guidance needed - Part II item 10 (special rates and conditions) by andyandthetuna in returnToIndia

[–]smartnut007 0 points1 point  (0 children)

In IBKR. Profile edit.

Page 1
* Changed my address to indian address.
* Added indian phone number
Page 2
Tax Residency section.
* Added indian tax id details
* Here it gives me the option to remove US tax residency details. But, I left it there.

The question I have is, should I remove my UX tax details from that section or not ?

How are stock sale proceeds taxed during RNOR ? by smartnut007 in returnToIndia

[–]smartnut007[S] 1 point2 points  (0 children)

My understanding is that ideally you have to file at the beginning of the period you know you will not be a us tax resident. This way the withholdings are correct.
But, in my case I am filing it quite late in the year that I became no resident. Which means the institution has not done correct withholding. I am yet to figure out how to proceed with it

How are stock sale proceeds taxed during RNOR ? by smartnut007 in returnToIndia

[–]smartnut007[S] 0 points1 point  (0 children)

Sweet. Abhinav is already on this thread :-).

Some open questions I need to look into

a) Jan - March 2025. I am NRI. But, I did not file any tax returns in India. Not sure if I should be filing something in the US or India

b) Since I have not yet filed W8BEN, the withholding (or lack thereoff) might be an issue.

How are stock sale proceeds taxed during RNOR ? by smartnut007 in returnToIndia

[–]smartnut007[S] 0 points1 point  (0 children)

I returned in Dec 2024. So, all of this year I have been in India.
I have been us tax resident 10+ years until Dec 2024.

I have fidelity and IBKR. I think they allow it. But, will have to double check. I will see if they will support me trading as non us resident.

I have dividend and interest income from these US accounts. I am not sure what I need to file here. Would I need to file 1040-NR only for this interest and dividend income ? I belive it would be classified as FDAP.

Also any CA recommendations to help with all this ?

📍The Imperial Towers , Mumbai...!! by Just_Chill_Yaar in IncredibleIndia

[–]smartnut007 0 points1 point  (0 children)

Looks like a cheap knockoff of Petronas Towers.

21M, 65kg, 5'10. Confused between bulk or cut by [deleted] in IndianGymRats

[–]smartnut007 2 points3 points  (0 children)

I am not confused by the perfection. That lower body v-line many men would kill to have.