finance#Tag
Is Real Estate Agent Cash Back Taxable in US – 1099 MISC?
By Anil Gupta
Updated
2 Mar, 20
Real estate cash back is not taxable. Agent should not issue form 1099-MISC. IRS considers rebate as discount on home purchase price. No need to show on 1040 return.
#finance
How to Negotiate for New Car Price in USA
By Anil Gupta
Updated
3 Mar, 20
Buy new car in USA below MSRP easily with simple tips. Tricks to negotiate. Buy on last 2 days of each quarter. Highest discount on Dec 31. Compare online.
#finance
Does buying house on H1B Visa in USA make sense?
By Anil Gupta
Updated
2 Mar, 20
Buying house on H1B visa is risky. Break even in 5 yrs. Home price drops in US fast based on city, jobs, economic conditions. Buy used house for investment.
#finance #H1B work visa
How to file US Tax on NRE, NRO Interest 1099-INT
By Anil Gupta
Updated
2 Mar, 20
File NRE account interest in USA tax return. Exchange rate for USD conversion by IRS. 1099-INT is not given by Indian bank. NRE NRO FD interest is taxable.
#finance #NRI