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F-1 Status and I-1099 please help
- Thread starter dave2
- Start date
great guru
Volunteer Moderator
Unless you made taxable income from that transaction you no need to worry.It will not affect your F1I am on a F-1 visa and I did some transactions (I think about 5) last year ( Sept- Nov) using Scottrade. I did not derive any profit/income.
1) Does it affect my F-1 Status in anyway? NO
2) Do I have file form I-1099, when I do my taxes?
great guru
Volunteer Moderator
You must include it in your tax return and pay tax if warranted.
Thanks. What should I do, if I receive a I-1099 for it? Should I file it or ignore it?
great guru
Volunteer Moderator
Interest from Bank CD and dividends from share etc are not an unauthorized employment.
Could it be used against me as unauthorized employment by USCIS/DHS? I believe that under F-1 status only W-2 and I-1040 forms are filed usually.