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-   -   I have rescinded my citizenship and 61 years old and how do I cash I cash out my IRA (https://www.askmehelpdesk.com/showthread.php?t=483522)

  • Jun 28, 2010, 09:31 AM
    tsunyanchan
    I have rescinded my citizenship and 61 years old and how do I cash I cash out my IRA
    Tax implication on cashing out IRA for someone who has rescinded the citizenship and have turned 60.
  • Jun 28, 2010, 10:39 AM
    smoothy

    The tax implications are exactly the same regardless of your citizenship.
  • Jun 29, 2010, 10:35 AM
    AtlantaTaxExpert
    What Smoothy says is correct: your citizenship status has NO bearing on the tax liability incurred when you cash in your IRA, other than the fact that you should avoid any STATE income tax liability.

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