DREAM Act Portal Forum - DACA & Stocks + Webull / Robinhood

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Re: DACA & Stocks + Webull / Robinhood

as far as I know this shit's only for tax purposes when I googled it many yrs. ago. You just gotta find out where we fall in the tax category.

Re: DACA & Stocks + Webull / Robinhood

Quote:

Originally Posted by john_smith (Post 757191)

Legally you don't need to be a citizen or LRP in order to trade. We are permanent residents, we are not legal permanent residents, know the difference. The difference is "LEGAL"

A lot of People don't know how daca works, and they think is a Visa of some kind. Whoever answered the QA didn't know what to answer, in which case the answer would be no by default.

What the fuck...? Lmao

No we aren’t permanent anything. Our status if anything is LAWFUL PRESENCE which as you no doubt realize isn’t really a status outside of uscis

Re: DACA & Stocks + Webull / Robinhood

Quote:

Originally Posted by Pianoswithoutfaith (Post 757207)

What the fuck...? Lmao

No we aren’t permanent anything. Our status if anything is LAWFUL PRESENCE which as you no doubt realize isn’t really a status outside of uscis

Son go back to school. If your talent is internet arguing, even at that you aren't good

Re: DACA & Stocks + Webull / Robinhood

LOL @ ^^^€

Even worse let’s see what the uscis has to say about our “status”

Q5: If my case is deferred, am I in lawful status for the period of deferral?
A5: No. Although action on your case has been deferred and you do not accrue unlawful presence (for admissibility purposes) during the period of deferred action, deferred action does not confer any lawful status.

The fact that you are not accruing unlawful presence does not change whether you are in lawful status while you remain in the United States. However, although deferred action does not confer a lawful immigration status, your period of stay is authorized by the Department of Homeland Security while your deferred action is in effect and, for admissibility purposes, you are considered to be lawfully present in the United States during that time. Individuals granted deferred action are not precluded by federal law from establishing domicile in the U.S.

Apart from the immigration laws, “lawful presence,” “lawful status” and similar terms are used in various other federal and state laws. For information on how those laws affect individuals who receive a favorable exercise of prosecutorial discretion under DACA, please contact the appropriate federal, state or local authorities.

Re: DACA & Stocks + Webull / Robinhood

Quote:

Originally Posted by LMM (Post 757183)

Hello everyone,

I was trying to get into investing with Robinhood and/or Webull and it appears to me that DACA recipients can't/shouldn't be doing stocks?

Webull clearly states that DACA individuals can't make an account with them and therefore can't trade (https://www.webull.com/hc/categories...visitSource=10)

During sign up, you get asked for Citizenship country and if you are a Permanent Resident, if not, then you must provide valid VISA status. Are there users here trading with webull? If so, will those users get into INS issues in the future for stating that they are Permanent Residents when they weren't?

Looks like Robinhood has a similar requirement, not too sure about CashApp as they don't seem to ask for Citizenship / Resident / Visa status.

A bit confused here and just wondering.

Robinhood is fine. I've had it since 2017. It looks to me like WeBull is not allowing it. It asks for "visa" if you say you're not a permanent resident. And to address your initial question about DACA recipients "should not do stocks"...don't worry about that. We are free to invest just like anyone else.

Re: DACA & Stocks + Webull / Robinhood

Quote:

Originally Posted by john_smith (Post 757221)

Son go back to school. If your talent is internet arguing, even at that you aren't good

Although that guy is usually against Dreamers and Dreamer legalization, in this case he is right.

...I must clarify..DACA recipients are NOT "Permanent Residents." Do not claim you're permanent resident on any application by mistake. Permanent Resident means Green Card holder.

However, we are lawfully present. We just don't have legal status. Its like a grey area legally. I'm not a lawyer but thats what it seems like to me. Long story short...just don't commit any felonies and stay out of trouble you should be good.

Re: DACA & Stocks + Webull / Robinhood

Permanent residency is way different than what we have - I have always known to never claim USA citizenship under any circumstances ever. You don’t know if years from now you’re applying for adjustment and somehow uscis gets ahold of that you lied in RH application

Re: DACA & Stocks + Webull / Robinhood

Quote:

Originally Posted by Pianoswithoutfaith (Post 757222)

You are delusional. Just desperate to escape the shame you have brought upon yourself, yet keep digging yourself more into it.

USCSI is only a small agency, which is part of DHS who holds many agencies as the Department of Homeland Security.

The terms you have brought up out of desperation, random at best have absolutely nothing to do with the subject matter at hand.

You also failed to read my post, you are trying so hard to be right that even the most simple things escape your perception of facts.

Get off your horse, and pay attention. The broker
Is asking for IRS definition of Permanent "Resident".
USCIS does not have one.

Let me do the work for you, since your mind is so limited that won't even contemplate the possibility of being wrong.

Let's begin

This is quote from the IRS website:

Quote:

Even an undocumented alien who meets the Substantial Presence Test will be treated for tax purposes as a resident alien.

Definition of Substantial Presence:
https://www.irs.gov/individuals/inte...-presence-test

Re: DACA & Stocks + Webull / Robinhood

This isn’t about what the IRS considered us you idiot. The issue at hand - the question here is if lying that we are permanent residents for the propose of using these apps like Webull or RH can bite us in the ass years later when adjusting. Does this sink to your head?