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Tax Implications overseas
Old 08-08-2005, 08:42 PM   #1
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Tax Implications overseas

What would the tax implications be if I inherited $1 mil, invested about $750k and went to live in South America for 30 years then logged into Sharebuilder/Scottrade/or whatever?

Would I still be able to keep everything? Would I only have to pay taxes on a certain amount? Or can I just extract it?

Curious how the tax implications work and if it may work in my favor.

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Re: Tax Implications overseas
Old 08-08-2005, 08:56 PM   #2
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Re: Tax Implications overseas

HAHA.

I know that some retirees live overseas and collect dividends so maybe they might know. Or americans who take positions overseas for 2-3 year hits.

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Re: Tax Implications overseas
Old 08-08-2005, 09:17 PM   #3
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Re: Tax Implications overseas

Post your question on:

http://groups.google.com/group/misc....n&lr=&ie=UTF-8
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Re: Tax Implications overseas
Old 08-09-2005, 06:51 AM   #4
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Re: Tax Implications overseas

Charlotte
If you live overseas, you still need to file US taxes. You get an $80,000 exemption for earned income. Dividends, interest and capital gains are unearned income so you would pay taxes on them the same as if your were in the US.
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Re: Tax Implications overseas
Old 08-09-2005, 02:09 PM   #5
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Re: Tax Implications overseas

They don't work in your favor if you want to stay legit...
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