Indian stocks bought as a resident Indian - what to do before naturalization

[Dallas03096]

I have a year before applying for naturalization and planning a trip to India in the coming weeks. I have some Indian stocks in paper format and some in DEMAT format which I purchased many years ago when I lived in India. Is it necessary to dispose them off before taking up US citizenship? Please share your experiences and thoughts.

Thanks

 

[nkm-oct23]

There is no such requirement. You can continue to hold those stocks for as long as you wish. When you sell them you will be taxed on the capital gains in US (consult a tax professional before selling)

 

[Dallas03096]

Thanks nkm-oct23