Hi everyone,
So I currently have TN status in the US. I am a Canadian citizen. I understand that the job I have here is the only job I'm allowed (ie. I'm not allowed to have a 2nd job for income). However if I'm not mistaken I'm allowed to buy real estate and rent it out. I can invest in the stock market and pay taxes on the capital gains, dividends, etc.
So my question is, where is the line drawn in terms of what I'm allowed to do? I've heard of the term "passive" income being allowed, but what does that really mean? If I started day trading would that still qualify as passive since I'm only investing in the stock market?
I appreciate any advice.
So I currently have TN status in the US. I am a Canadian citizen. I understand that the job I have here is the only job I'm allowed (ie. I'm not allowed to have a 2nd job for income). However if I'm not mistaken I'm allowed to buy real estate and rent it out. I can invest in the stock market and pay taxes on the capital gains, dividends, etc.
So my question is, where is the line drawn in terms of what I'm allowed to do? I've heard of the term "passive" income being allowed, but what does that really mean? If I started day trading would that still qualify as passive since I'm only investing in the stock market?
I appreciate any advice.