#foreign

Should I sell my foreign stocks to not deal with the foreign tax credit next year?

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Should I sell my foreign stocks to not deal with the foreign tax credit next year? I purchased some “recommended stocks” on reddit and when I did my 1099-div, there was a line for foreign taxes to the amount of $2. Went through turbotax and after all the calculations were done on my 1099-div, it said they saved me $1 for foreign credit tax. I’ve never seen it before and I’m thinking of just selling all my foreign stocks so I d…

Reddit Personal Finance 1.3k 2025-02-18

LPT. Cultural Norms in foreign Countries.

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LPT. Cultural Norms in foreign Countries. Different cultures have unique customs and social norms that may seem odd or rude to outsiders but are perfectly acceptable within that context. For example, in some countries, cutting in line may not be seen as a violation of etiquette but as a common practice, or it could be a reflection of a cultural hierarchy or priority system. Similarly, b…

Life Pro Tips 1.2k 2025-02-10

Transferring to a foreign bank account

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Transferring to a foreign bank account American here. Given the impending economic insecurity, I’ve been contemplating transferring my savings to a foreign bank account and leaving it there for the foreseeable future. My two questions are: 1: Any general thoughts (pros/cons)? 2: Any preliminary suggestions for which banks to use? submitted by /u/zedazeni

Reddit Personal Finance 1.0k 2025-02-03

Stock moved from foreign to US brokerage: short-term or long-term?

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Stock moved from foreign to US brokerage: short-term or long-term? Hello — I recently was able to transfer a number of shares in a company from a UK brokerage to a US one, where I now live. If I were to sell it now, would the gains be long or short term? I have owned it for quite a while but only a few weeks in the US, and the Schwab account itself describes it as short term. Thanks! submitted by /u/dra…

Reddit Personal Finance 1.1k 2024-12-24

Any scope for indian womens ethnic wear in foreign markets?

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Any scope for indian womens ethnic wear in foreign markets? hey there , i own a womens clothing brand in india , i was thinking of expanding to international markets i have already figured out everything related to internnational payments , shipping , pricing. i am stuck with marketing plan , i assume if i can find foreign microinfluencers who would love to accept indiann ethnic wear as a barter system ,…

Reddit ecommerce 1.0k 2024-12-02

SBI Foreign Outward Remittance vs Wise/Instarem – Which would be faster for me?

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SBI Foreign Outward Remittance vs Wise/Instarem – Which would be faster for me? Hello, I(Indian Citizen) need to transfer some amount to my friend living in the UK (who is NOT indian or NRI). I need to transfer it urgently as soon as possible. I tried setting up my wise.com transfer for the first time, although it needs vKYC done which is only open from monday to friday (today is saturday). Same is the case with Instarem. I…

Reddit Personal Finance 541 2024-12-01

Registering for US state sales tax as a foreign company

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Registering for US state sales tax as a foreign company Do any non-US companies have experience of registering for US state sales taxes? I am being told I need to first call the IRS and get an EIN company registration number, but will probably need an ITIN number as well in order to apply for the EIN ! Does this sound right? Are there other tax consequences of doing these registrations? submitte…

Reddit ecommerce 576 2024-11-14