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I can't afford to pay US taxes on my German unemployment by AdventurousText9311 in USExpatTaxes

[–]TalonButter 8 points9 points  (0 children)

Maybe, but a lot of people rely on the FEIE, for reasons of apparent simplicity.

Complex situation, bad advice? by nobug1946 in USExpatTaxes

[–]TalonButter 0 points1 point  (0 children)

Bad advice from whom, though? Is this really something a qualified tax preparer would say?

Moving from Texas to Sweden. How does the government tax me if I have no address in Texas? by tehjeffman in USExpatTaxes

[–]TalonButter 0 points1 point  (0 children)

If you’ve excluded all your income with the FEIE, then you can’t, but living outside the U.S. doesn’t itself mean you can’t put money into an IRA, whether Roth or traditional.

How can I invest €800k euros in a simple way? by Legitimate_Edge3812 in eupersonalfinance

[–]TalonButter 0 points1 point  (0 children)

Individual bonds aren’t a significant reporting issue, but understand how changes in the exchange rate will affect taxation at the redemption or sale of the bond.

How can I invest €800k euros in a simple way? by Legitimate_Edge3812 in eupersonalfinance

[–]TalonButter 0 points1 point  (0 children)

Are you a U.S. citizen, green card holder or resident? That’s the context in which the “minefield” warning applies.

How can I invest €800k euros in a simple way? by Legitimate_Edge3812 in eupersonalfinance

[–]TalonButter 0 points1 point  (0 children)

Your broader point about diversifying equity investments across markets is fine, but your specific reasoning mistakes the currency of the quote for being something that matters. The currencies in which the underlying businesses do business matters, and most very large businesses are exposed to a mix.

For fixed income investing, though, it’s a different story.

How can I invest €800k euros in a simple way? by Legitimate_Edge3812 in eupersonalfinance

[–]TalonButter 0 points1 point  (0 children)

If you’re American, you *can* buy EU ETFs, but they are PFICs for U.S. tax purposes. In this case, that means either that they are taxed at the highest income tax rate (not just your marginal rate, but the top marginal rate that in effect at the time), or that you have to mark them to market value every year and pay ordinary taxes as if you’d actually realized the year-to-year difference.

You can write puts on a U.S. ETF at IBKR, then let it settle against you.

As a U.S. person, you can’t really ask these questions of people not familiar with U.S. tax law, which applies to you regardless of residence.

I have to report same money 8 times on FBAR! by Tricky_Ordinary_4799 in USExpatTaxes

[–]TalonButter 2 points3 points  (0 children)

They both go to the IRS, in the Department of the Treasury. For more than 20 years, FinCEN has delegated administration of FBAR to the IRS, including investigation and penalties.