EAD + Crypto Currency / Stocks Question

[purem4g1c 113]

Hi there,

 

I was not sure what sub forum to put this question hopefully I am in the right place.

 

I am going to my interview in a week and a half and after that I will be going to the US. I will have to apply for an EAD after marriage and was wondering are you allowed to sell/buy cryptocurrency & stocks without your EAD card? It's not technically a job but it does generate income in another way but not sure how the government sees it.

 

Thanks.

[Crazy Cat 39,260]

1 minute ago, purem4g1c said:

Hi there,

 

I was not sure what sub forum to put this question hopefully I am in the right place.

 

I am going to my interview in a week and a half and after that I will be going to the US. I will have to apply for an EAD after marriage and was wondering are you allowed to sell/buy cryptocurrency & stocks without your EAD card? It's not technically a job but it does generate income in another way but not sure how the government sees it.

 

Thanks.

I think it is, in fact, a job......it's self-employment.....and yes, an EAD would be required, imo.

[purem4g1c 113]

1 minute ago, missileman said:

I think it is, in fact, a job......it's self-employment.....and yes, an EAD would be required, imo.

I see how stocks could be "self employed" because you may need certain credentials such as SSN etc to buy/sell them.

 

What about Crypto Currency? There is much less regulation regarding it so it may by definition not be considered a job.

[Falcon Cara 378]

I would just keep a bank account in your home country and use the funds from there and not worry about it...

 

 Use that bank account to from any increase or decrease.

 

Of course it's a grey area, It like if you had rental property in your home country and you came to the USA on K1 waiting for EAD, what are you suppose to stop receiving rent from your renter.

[Crazy Cat 39,260]

Just now, purem4g1c said:

I see how stocks could be "self employed" because you may need certain credentials such as SSN etc to buy/sell them.

 

What about Crypto Currency? There is much less regulation regarding it so it may by definition not be considered a job.

An EAD gives authority to work and do business in the US.......It has nothing to do with regulation, imo.

[Crazy Cat 39,260]

1 minute ago, Falcon Cara said:

I would just keep a bank account in your home country and use the funds from there and not worry about it...

 

 Use that bank account to from any increase or decrease.

 

Of course it's a grey area, It like if you had rental property in your home country and you came to the USA on K1 waiting for EAD, what are you suppose to stop receiving rent from your renter.

Your example is passive......Actively selling a commodity from inside the US  is not.

Edited May 11, 2019 by missileman

[purem4g1c 113]

1 minute ago, Falcon Cara said:

I would just keep a bank account in your home country and use the funds from there and not worry about it...

 

 Use that bank account to from any increase or decrease.

 

Of course it's a grey area, It like if you had rental property in your home country and you came to the USA on K1 waiting for EAD, what are you suppose to stop receiving rent from your renter.

Hmm, yeah but they may not like you working on US soil at all as far as I know.

[Crazy Cat 39,260]

1 minute ago, purem4g1c said:

Hmm, yeah but they may not like you working on US soil at all as far as I know.

Yea, it's called unauthorized work...and it's illegal....

[Ontarkie 13,917]

~~Moved to Working and Traveling, from K1 P&P - the questions is about working~~

[belinda63 2,981]

Trading, such as buying and selling stocks for yourself using your own money is not employment. Doing it for other people and making money from it is employment.

[purem4g1c 113]

1 hour ago, belinda63 said:

Trading, such as buying and selling stocks for yourself using your own money is not employment. Doing it for other people and making money from it is employment. 

I see, thank you.

[Wasquez 0]

really nice info, thanks guys.

[Boiler 43,438]

Depends if it is active or passive

 

For example nothing wrong with buying and cars but at some point you become a Dealer.

 

Begs the question why you chose the K1

[purem4g1c 113]

2 minutes ago, Boiler said:

Depends if it is active or passive

 

For example nothing wrong with buying and cars but at some point you become a Dealer.

 

Begs the question why you chose the K1

I think as long as you don't leverage trade and use lenders money you should be fine?

 

Also yeah, I am no day trader. I don't make swing trades. My purchases are passive, and so are the dividends I get paid.

Edited February 17, 2021 by purem4g1c

[Boiler 43,438]

You are asking exactly where the dividing line is, that I can not tell you.