We're Canadian citizens living in US on TN1 visa. Can I invest in VA 529 college fund for my kids. I ask because the VPEP and VEST forms under residency only give 2 options (US citizen & resident alien). TN1, as I understand it is a non-resident visa. Are we eligible to invest in either VPEP or VEST?
Thanks
Klaus
Canadian citizen on TN1 invest in 529 fund?
Moderator: Jim Eiss
You are resdident alian for tax purposes, but as I answere dyou elsewhere (and this is not the tax form, this is the immigration forum), 529 palns for Cdns who are here temporarily is not the best choice.
Tax-smart investing, with an eye to reduced or eliminated cap gains gives much more freedom, and will not be a headache that 529 plan will be iif you should return to canada before your child goes to school.
Tax-smart investing, with an eye to reduced or eliminated cap gains gives much more freedom, and will not be a headache that 529 plan will be iif you should return to canada before your child goes to school.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best