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Personal Investments • investment conundrum - French citizen, current US resident but future French resident, how to invest

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Why would your friend be a US person? Owning property in the US doesn't make you a US person. Your friend would need to file a US tax return because of the income from that property, of course. Note the definition of "nonresident alien" here:

https://www.irs.gov/individuals/interna ... ent-aliens

There is also the Wiki:

https://www.bogleheads.org/wiki/US_tax_ ... _to_the_US

Note especially the section "Permanently leaving the US" and the recommendations "For any US based taxable accounts you hold, your likely best action is to close them and transfer the proceeds to your new country" and "If you own a home in the US, you should generally sell it before leaving the US, and while you are still a US taxable person."

Statistics: Posted by Badinvestor — Sun May 19, 2024 5:10 pm — Replies 1 — Views 77



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