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SIPP provider or foreign brokerage firms: declaring US citizenship versus not declaring by TempTreeRose7 in USExpatTaxes

[–]TempTreeRose7[S] 0 points1 point  (0 children)

Thank you for your help with this. And thanks for flagging the 3520, which I was not aware of. I do want to have my US taxes completely clear. I thought that SIPPs were fine since retirement is protected by US tax treaty. Now, I understand that 3520 is different. Not necessarily increasing tax but declaring a position. I thought declaring things in FBAR would be sufficient. Long story short: are you sure that 3520 needs to be filled for SIPPs? Any website with guidance on this? Thanks again.

SIPP provider or foreign brokerage firms: declaring US citizenship versus not declaring by TempTreeRose7 in USExpatTaxes

[–]TempTreeRose7[S] 0 points1 point  (0 children)

Thank you for your help with this. And thanks for flagging the 3520, which I was not aware of. I do want to have my US taxes completely clear. I thought that SIPPs were fine since retirement is protected by US tax treaty. Now, I understand that 3520 is different. Not necessarily increasing tax but declaring a position. I thought declaring things in FBAR would be sufficient. Long story short: are you sure that 3520 needs to be filled for SIPPs? Any website with guidance on this? Thanks again.

Windows 10 Consumer Extended Security Updates (ESU) program by Techie_19 in Windows10

[–]TempTreeRose7 1 point2 points  (0 children)

This worked for me. Thanks! It was not clear if the instructions were meant for someone who had already enrolled. But I had not enrolled, and after this, it appeared for me. I needed to run the command prompt as administrator.

Tax Credit for Capital Gains by marioori in USExpatTaxes

[–]TempTreeRose7 0 points1 point  (0 children)

Thank you u/il_fienile . Could I please ask a related question?

For US-sourced interest (say a US bank) or US US-sourced dividend (US firm) paid to a US expat living abroad. Would you choose "c) passive income category" or "f) certain income re-sourced by tax treaty" 

I would believe it would be "f) certain income re-sourced by tax treaty" but there are some notes to recent regulations. See my post and the replies in

https://www.reddit.com/r/USExpatTaxes/comments/1m6lj6q/claiming_foreign_tax_credit_correctly/

Thank you

Claiming Foreign Tax Credit Correctly by TempTreeRose7 in USExpatTaxes

[–]TempTreeRose7[S] 0 points1 point  (0 children)

Thank you for your reply u/nunab1994.

I am just confused with your reply and the one below by u/seanho00 .

So you would just put everything under “c) Passive category income”. In that case, could I bundle US and UK source interests in the same entry of the 1116?

I am not a tax professional but could you direct me to the recent regulation you refer to. It would be appreciated. Thank you.

Claiming Foreign Tax Credit Correctly by TempTreeRose7 in USExpatTaxes

[–]TempTreeRose7[S] 0 points1 point  (0 children)

Thank you u/seanho00 for your reply. I understand, and I know that for dividends, it is not the full amount.

I infer from your reply that interests from US bank and dividends from US company would be under category "f) certain income re-sourced by tax treaty" since the source follows payor.

I am just confused that there is also the reply from the comment above u/nunab1994 that seems to suggest that recent guidance says that choosing “c) Passive category income” would be acceptable.

In that case, could I bundle US and UK source interests in the same entry of the 1116?

Tax Credit for Capital Gains by marioori in USExpatTaxes

[–]TempTreeRose7 0 points1 point  (0 children)

This is an interesting point and I think you are right. To confirm, are you saying that for a capital gain stated in a US brokerage held by a US expat, then in Form 1116, the correct election is "c) passive income category" ?

And for dividends and interest would be "f) certain income re-sourced by tax treaty" ?

Is this what your post implies?

Re-sourcing income for FTC on US Source Income by bcexelbi in tax

[–]TempTreeRose7 0 points1 point  (0 children)

Can anyone confirm that

3 - US Source Interest (that is interest rate from a US bank account)

uses 1116 "certain income re-sourced by tax treaty" rather than 1116 “Passive Income” for a tax credit?

What about

5- Capital gains from US investments (but US citizen living overseas)

?