We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help!! I've moved to the US and HSBC wants my details
Comments
-
I had a green card so I could work and live in the US.
I gave it up, because it's too much grief. You can give it up "without prejudice" so it doesn't affect your future visits. Still have about year's worth of 401k, which should be transferrable, but it will probably count as contracted out and reduce my state pension by a little. Probably will fiddle me out of a full year of NI after all the paper work is done, no doubt.0 -
So if you have stocks, every year you need to report on your increase?
Yes. You have to report the income and the gain on your tax return to the IRS.
As mentioned ISAs are not tax free to US taxpayers.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards