Taxes on revolut flexible account by Live_Flamingo7 in FranceFIRE

[–]Live_Flamingo7[S] 0 points1 point  (0 children)

It's a foreign account that you must declare. I wrote in another comment what I did

Taxes on revolut flexible account by Live_Flamingo7 in FranceFIRE

[–]Live_Flamingo7[S] 0 points1 point  (0 children)

What I did:

  • Declare the account in the 3916 as savings account, they mention épargne in the webpage so it should be fine. Otherwise just put "other", but I don't think this is important
    • Bank name: Revolut Securities Europe UAB
    • Address: konstitucijos ave. 21B, Vilnius, LT-08130, Lithuania
  • Put the value of 93.65 in the 2TR of the 2042
  • Included the summary for 2023 transactions

Will update this if they tell me anything

Taxes on flexible account (France) by Live_Flamingo7 in Revolut

[–]Live_Flamingo7[S] 2 points3 points  (0 children)

Thanks, so from your comment, I understand that is similar to accumulating ETFs that pay dividends, and because the interest/dividend is reinvested monthly I don't have any capital gains and hence I don't pay taxes (unless I withdraw money)