Tax Question - Foreign Country (South Korea)

Forum|Forum|1 year ago
April 4, 2025
1 reply
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Hello,
I am not a U.S. citizen, and I am a Korean citizen with Korean citizenship.

I lived and worked in the United States for 3 years after graduating college in the States. So, I have social security number (SSN).

When I was working in the U.S., I filed taxes because I had income. I moved back to South Korea about 2 years ago. Even though I didn't earn any income in the U.S. last year, I still filed taxes in the U.S. because I just felt like I needed to file taxes like I did on my previous years.

Then, I thought about filing it this year. I didn't make any income in the United States. I am not living in the United States. I am not a U.S. citizen. I just have my social security number.

The only thing is I have my Wyoming based LLC under my name, for which I already filed taxes a couple months ago. (I didn't make any income on that either)

I filed taxes in Korea already.

Given this situation, a I still required to file taxes this year?

Not A Product Question

DaveF1006

No. You do not have a US reporting requirement.

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adamukimAuthor

I sold my stocks on Robinhood, but I didn’t make any profit,I sold them at a loss.
Do I still need to file taxes?

Also, when I start running my business next year, will I be able to file taxes then?
If I don’t file taxes this year, could that cause any issues later on?

DaveF1006

No. You still do not need to report your Robinhood sales this year. You earned the income as a foreign resident so you do not have US reporting requirement.

If you operate your business in South Korea, you still wouldn't have a US reporting requirement unless you live in the US.

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