H1B visa holder selling Web based application? Archives - Silmi Law Firm

H1B visa holder selling Web based application?

silmilawfirm May 21st, 2020
  • May 21, 2020
  • 4 Replies

H1B visa holder selling Web based application?

I have a website that i am going to sell. I am on h1-b now and never had any income from website in my account. the payments were managed and servers paid from out of US. ofcourse there was no profit for all these years. But the website has some value now and I want to sell it. Is it ok to do this while on h1b?

Will this cause any problem for me in future while applying GC? Which tax category would this come in? (capital gain?)

 

Please advise. 

Thanks

 

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