Can I sell my British shares in the United States before I get my EAD?

[Banjomonkey 0]

I'm waiting to adjust to a GC holder, after marrying my husband on a K-1 visa in May 2015. I have some shares in a British company that I'd like to sell here, but I'm not sure I can without my EAD. Does anyone know whether this would be advisable/possible?

[TBoneTX 45,287]

Two unnanswered duplicate threads have been removed; this thread has been moved from AOS/Family-Based main forum to the Tax & Finances forum.

Please post just once on a topic, and wait for answers. They might be slower in coming over the weekend.

VJ Moderation

Edited August 8, 2015 by TBoneTX

[Nich-Nick 3,354]

I'm waiting to adjust to a GC holder, after marrying my husband on a K-1 visa in May 2015. I have some shares in a British company that I'd like to sell here, but I'm not sure I can without my EAD. Does anyone know whether this would be advisable/possible?

How do you consider that as being employed and needing authorization?

The gain you make on the sale will be reportable and taxable (most likely) on your US tax return for 2015. The tax rate is reduced if you have owned the shares more than a year.

[B-2-Z 37]

If you're going to do it, I'd probably do it before 2016. As another poster said you'll probably pay 2015 US Tax on it. Your income will be lower for 2015 as the year is almost up, meaning paying less tax on it as opposed to next year, since you'll have a larger income then.

[Owen_London 65]

I'm waiting to adjust to a GC holder, after marrying my husband on a K-1 visa in May 2015. I have some shares in a British company that I'd like to sell here, but I'm not sure I can without my EAD. Does anyone know whether this would be advisable/possible?

What can I tell you?

Yes, you can sell them. The EAD is required for you to work in the US. No permission is required to receive passive income.

It will, however, be taxable by the IRS (US tax authorities). Capital gains after more than a year are taxed at long-term capital gains rates. Short-terms capital gains are subject to income tax rates, possibly with the passive investment tax on top. Depending on this, and on you and your husband's incomes, it is likely to be better to sell before the end of this calendar year (which is the same as the tax year in the US), since your incomes will likely be higher next year.