Re:Americans Renouncing Citizenship Hits New Record; Tax Bil...
by slededit on Monday October 15, 2018 @03:22PM
(#18222813)
Is holding a mutual fund in your home country dodgy?
It subjects you to the punitively complex PFIC rules. These are largely a protectionist measure for the US financial system but you get caught up in them regardless.
To do your US taxes correctly as an ex-pat is really complex. If you just file a 1040 you’ve missed a number of forms to document your foreign holdings.
It subjects you to the punitively complex PFIC rules. These are largely a protectionist measure for the US financial system but you get caught up in them regardless.
To do your US taxes correctly as an ex-pat is really complex. If you just file a 1040 you’ve missed a number of forms to document your foreign holdings.