returning to India what to do with 401k and fidelity stocks
Jul 16, 2020
24 Comments
I am returning to India so wanted to know .
can i sell my 401k from India and how much tax i need to pay.
same I have 70k+ stocks in fidelity what to do about it.
i heard that income from us is taxable for first 3 years in India. #investments #personalfinance
comments
This comment was deleted by original commenter.
https://www.irs.gov/individuals/international-taxpayers/determining-alien-tax-status
I see his concern, if political or taxation rules change then it would be difficult to move money then. And also he is asking to reinvest the same $ from international brokerage account.
Peace everyone!
@apple- yep, waited. But penalty still applies!