Originally Posted by bmcgonig
Like to share the details?
I'm not gonna go into specifics. My situation was rather well suited for an expatriation situation. On the day I officially expatriated, I only had 2 kinds of assets: cash (in bank accounts) and my primary residence (which I had just purchased abroad). So the process was rather straight forward for me, even though I fell in the "covered expatriate" category. But adding retirement accounts, pensions, and annuities to the mix would have complicated things a lot more. For a bit of fun, take a look at IRS form 8854.
Before expatriation, my only retirement account was a Roth IRA. I had converted my 401K and traditional IRA to the Roth some years prior. In addition, I had been retired for some time and I was harvesting LTCGs to take full advantage of the 0% bracket each year, so I wasn't sitting on large CGs. Overall, it didn't cost me much to convert everything to cash.