Stocks Trading and Other Income

[shivab55]

Hi experts,

Here is the situation i'm in and appreciate any inputs/pointers. I am on h1 and my salary is much more than LCA figure.

I started trading Options for the last 3 years. First year i lost some money. Second year made some good money. So no issues.

This year, i made more money ( in seven months) than my would be salary for the whole year.

Will this be a problem when i renew my H1 / file 485? I am of the understanding that Options/Stock trading is not considered as an employment.

***I am posting in this thread to get traction. Please move to respective thread later***

Thanks in advance!

[qesehmk]

ZERO impact shiva. The gains will be taxed at normal income tax rate given they are short term gains I assume.

Good luck trading!!

Hi experts,

Here is the situation i'm in and appreciate any inputs/pointers. I am on h1 and my salary is much more than LCA figure.

I started trading Options for the last 3 years. First year i lost some money. Second year made some good money. So no issues.

This year, i made more money ( in seven months) than my would be salary for the whole year.

Will this be a problem when i renew my H1 / file 485? I am of the understanding that Options/Stock trading is not considered as an employment.

***I am posting in this thread to get traction. Please move to respective thread later***

Thanks in advance!