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Updated over 2 years ago, 09/05/2022
Foreign investors tax liability in a syndicate or a fund.
I have two friends living abroad who want to invest with me. One of them has a green card, and the other does not.
Both are in India now but used to live in the USA.
Assuming I follow all the securities law and regulations, from taxes standpoint, do either one of them have any US tax liability?