How does taxes work on 401(k), withdrawals, RSU sale and dividend income after leaving US. I have a portfolio of 500k built up over the years and eventually plan on leaving US to home country. 1) Do I file taxes every year as non resident and let go a flat 30% as tax (with no deductions to claim)? 2) How are 401(k) withdrawals taxed. Is the withdrawal added on to regular non resident income and taxed at 30% on top of a 10% penalty? 3) Do I continue filing IRS returns every year for the stock holdings for the few hundreds in dividend income or only when I do a major withdrawal? I can talk to a tax consultant, but wanted to hear if Blind has a tax expert in house to help. Etiquette TC 220K
Interested to know the answer
You’ll be taxed in your home country per their rules, unlike a US citizen living abroad (or a permanent resident temporarily working abroad) you’ll no longer be a US resident for tax purposes and as such you’ll be taxed where you primarily reside, per their rules.
So if u save 401k here and aren’t us citizen u don’t have to pay tax (is tax) on it when u take it out??
YoE?
14 of that 5 in MS. I know TC at MS sucks