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Judith, Immigration Lawyer
Category: Immigration Law
Satisfied Customers: 28069
Experience:  34 years as practicing immigration attorney, with non-immigrant and immigrant visa experience.
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I am holding H1B currently and want to apply for green card

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I am holding H1B currently and want to apply for green card soon. Does my current status allow me to invest in a small local business (~20% share) and receive K1 form for tax purposes? I am not going to run the business or involve in any decision-making processes.

Hello,my name isXXXXX you for this opportunity to answer your questions.

Yes, there is nothing wrong with K1income report of partner's share of income. It has nothing to do with providing the partnership with productive services.

It would be similar to receiving a 1099 for royalty payments, interest income, etc

It is not a problem with your H1B status.



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