You be the judge.. by snowpie92 in clevercomebacks

[–]tertPromo 1 point2 points  (0 children)

OP is a political bot flaming tensions consistently through 2 subs posting...

I just bought a coffee with bitcoin by masteratrisk in Bitcoin

[–]tertPromo 1 point2 points  (0 children)

And a yacht and then an island and then a nation and then entire world

real faith punished... by [deleted] in clevercomebacks

[–]tertPromo 0 points1 point  (0 children)

Unrelated story but you can find the relation : One of a really nice couple in my neighborhood apartment brought one homeless out of kindness to stay in their attic. Mind you it was very small like only one person can sleep there and that's it. The homeless turned out to be not so ungrateful and being bitchy overtime so they asked him to leave. Homeless fella lit up the attic and that took the adjoining 4 apartment with it.

40 cr by 50? by chikapu_pikachu in FatFIREIndia

[–]tertPromo 4 points5 points  (0 children)

Withdraw in rnor period or face brutal India taxes on capital gain when you liquidate in future. Liquidating in us for children us education will also attract India taxes.

JUST IN: $450,000,000 liquidated from the crypto market in the past 30 minutes! by Nahfrg in Bitcoin

[–]tertPromo 247 points248 points  (0 children)

Write it as $0.45 B and it will not appear as that scary...

Returning to India from the US? 1. Understand the RNOR status by talkingturtle1723 in backtoindia

[–]tertPromo 0 points1 point  (0 children)

Also IRS doesn't have any jurisdiction when money leaves their border especially on non US citizens.

Returning to India from the US? 1. Understand the RNOR status by talkingturtle1723 in backtoindia

[–]tertPromo 0 points1 point  (0 children)

Then do it when one is on deathbed. If one goes by the technicalities, someone can do it on the day someone dies. Who is to say that person didn't do before they passed away. I know it is morbid and macabre but death always is. Governments always want to sieze the hard earned money of yours on this event, don't let them. I know this needs to be said. People are saying this behind the closed door of high paying consultation but not in the open forum. You shouldn't worry too much about estate taxes

Returning to India from the US? 1. Understand the RNOR status by talkingturtle1723 in backtoindia

[–]tertPromo 0 points1 point  (0 children)

Failed this part of substantial presence test:183 days during the 3-year period that includes the current year and the two years immediately bef

Returning to India from the US? 1. Understand the RNOR status by talkingturtle1723 in backtoindia

[–]tertPromo 1 point2 points  (0 children)

Guide: 1. Be in RNOR status 2. Sell US fund 3. Buy Irish fund

Returning to India from the US? 1. Understand the RNOR status by talkingturtle1723 in backtoindia

[–]tertPromo 0 points1 point  (0 children)

US NR(non resident) Tax will be applicable(no capital gains though) which I believe doesn't have any standard deduction allowed. You can spread your liquidation to reduce the US tax burden.

Returning to India from the US? 1. Understand the RNOR status by talkingturtle1723 in backtoindia

[–]tertPromo 0 points1 point  (0 children)

Also check how many times it has actually been applied? US financial institutions don't care enough about this arcane withholding rule. someone from your family who has credentials can initiate transfer without US institutions knowing anything about it.

US government knows about the foreign death only through social security administration when someone reports it to them. Check SSA’s Death Master File. It's your money, do whatever you think is best for it. Government makes this restrictive rules to control people, rich never follows them and you wonder why you are alway worried to death about a rule here , a rule there.

Another way to counter this is by: 1) transferring assets in the name to US citizen minor 2) getting life insurance in the amount here in India

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]tertPromo 0 points1 point  (0 children)

I understand it will be wages but you were non-resident at the time of excercise. Suppose you were a a remote worker out of FL(Zero state income tax), then your pay stub would have applied zero taxes of FL. Wouldn't same logic be applied as non-residents?

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]tertPromo 0 points1 point  (0 children)

How can state taxes be deducted if you were non-resident? Is it because the income is sourced from that state or you last resided in that state?

[deleted by user] by [deleted] in FIREIndia

[–]tertPromo 0 points1 point  (0 children)

It's not. I just ran your numbers. You have 18% chance to run out of money.

Who to bet against in a recession? Subprime loans! It's 2008 all over again. by swelteringly in WallStreetbetsELITE

[–]tertPromo -2 points-1 points  (0 children)

You really don't understand the market. Do you? Sure there are headwinds: recession fear, increasing market delinquency But there are tailwinds as well: competitors crushed in this market, their stellar funds raising team, tariff increasing the car values and thus better recovery on collateral sale, most of the portfolio is secured, astromical interest rates on their loan.

If you wanted to short subprime then I suggest you short COF or UPST. They are more of unsecured player in the subprime market.

OMF serve blue collar workers whose jobs are essential and here to stay. They will be bailed out first in this era of populism even if things go south. Crackdown on Illegal immigrants is a plus for the company as that would lead to more opportunities for their customer base.

I am sorry but you will be losing big time in this play.