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Starting and Doing Business in USA Help each other make money and have fun doing it :-)

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  #1  
Old 15th July 2004, 02:34 AM
h1b->gc h1b->gc is offline
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H1 b Visa and Google AdSense

Hello,
I am on an H1 b visa for the last 5 years and I would like to know if I can make a couple of bucks with the Google AdSense program in my personal website. The reason is that they wanted my SSN and DOB for reporting the tax and they are going to send me a 1099 at the end of year. Is this passive investment or work? Actually I am not working for Google, but Google is working to generate clicks on my website.
Is this illegal as H1b's are required to work only for the sponsoring employer? Can somebody please let me know whether this will affect my GC process even I file my taxes with this income?

Thanks in advance.
h1b->gc
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  #2  
Old 15th July 2004, 02:13 PM
h1b->gc h1b->gc is offline
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Passive Income

Thanks ****,
I have a few questions regarding passive income.

How do I know the 1099 that Google provides is for passive income or not?
What about selling things on ebay?
Is 1099 provided from banks, mutual funds passive?
Is buying and selling your house considered passive or active?

Thanks again for your reply.
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Old 29th July 2004, 05:37 PM
duck008 duck008 is offline
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H1-B holder selling on ebay

Hi Joe,

Would you mind telling me what you end up doing with this? Why? I am havin a similar situation.

Thanks.
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  #4  
Old 29th July 2004, 10:12 PM
IndoKiddo IndoKiddo is offline
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[color=gray][QUOTE=****]
Yes. The 1099s you get from banks, etc. will show something like 1099-INV (not sure about the actual 3-letter code.)
QUOTE][/color/

1099-DIV (for Dividend) and 1099-INT (for Interest) I think....
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