finance#Tag

Is Real estate cash back taxable?

Is Real Estate Agent Cash Back Taxable in US – 1099 MISC?

Written by Anil Gupta
  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 discount in USA

How to Negotiate for New Car Price in USA

Written by Anil Gupta
  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
Buy house on H1b visa

Does buying house on H1B Visa in USA make sense?

Written by Anil Gupta
  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

Written by Anil Gupta
  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