Capital Gains on Your Foreign Home When You Renounce
Will renouncing US citizenship trigger capital gains tax on your foreign home? For most expats, no. How the deemed sale works.
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Will renouncing US citizenship trigger capital gains tax on your foreign home? For most expats, no. How the deemed sale works.
Parents can't renounce on behalf of their kids. Here's how minor renunciation works, what it costs, and when it makes sense.
You keep your US retirement accounts after renouncing — but 30% withholding on distributions changes the math.
Born in the US but never lived there? You still owe the IRS. What accidental Americans need to know about taxes, FBAR, and FATCA.
FATCA forces foreign banks to report American account holders to the IRS. Many banks refuse US expat clients entirely.
Nearly half of American expats are considering renouncing. The reasons go deeper than politics — it's FATCA, banking, and costs.
Senator Moreno's S.3283 would force dual citizens to choose one passport. Here's what it says and why it probably won't pass.
Renouncing doesn't just affect you — it reshapes your spouse's finances too. Gift taxes, filing status, and estate planning.
Federal, military, state, and private pensions all continue after renunciation. But 30% withholding and treaty rules vary.
Surrendering a green card and renouncing citizenship are different — but after 8 years, the tax consequences are identical.