Hello There
I am going through the various threads on internet regarding the above issue. But nowhere I am getting a complete response. So hereunder I am throwing my question back to experts:
I line in US on H1B , My wife is on H4 Visa.
We want to start a small business. First we are trying to find can we do it. So far I found out. Yes! I can OPEN it. My wife or I being on H Visa can not manage it or get paid for it. That makes perfect sense.
Now If I open it and hire some people to manage it can I use that information to take benefit in Tax Deduction If I make loss in the business.
Also I need to know is there any limitation of investments. My major concern here is tax deductions. As I will be hiring people[americans/PRs] to run this business so we will definately want to use that info while I am filing the tax with IRS.
so please make me aware as much as possible about other limitations H visa holders have.
thanks

