Friends,
My EB2-India I485 has been pending since Sept05. I-140 approved in Jan06, and I am maintaining H1B status. Also, have EAD and AP since 05.
Last year I invested some money in a very popular Exchange Traded Fund (ETF) known as USO (US Oil FUnd), it is traded on NYSE. I sold all my investment late last year. Unfortunately, this ETF is registered as a Publicly Traded Partnership, and as such I was a partner for the time I held these shares. SO, now I am going to get a Schedule K1 form for this...I did not know any of this when I bought the shares.
From what I know I have to report the details of K1 form on Schedule E of 1040 form...I am little nervous about all of this, since I do not want this to affect my green card case....After reading about I485 issues due to finance / investment reasons, I am very nervous..
Can anybody shed any light on this K1 form and its impacts on GC case ???
Immensly appreciate any help.....
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to park1000:
Your investment and the resulting Schedule K1 is not a problem. YOu are allowed to own/be a partner in businesses, just not work for them.
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to camar2002:
This is passive income and you are absolutely fine.
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