Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Distribution from IRA (https://www.askmehelpdesk.com/showthread.php?t=513698)

  • Oct 5, 2010, 06:10 AM
    lilienthal
    Distribution from IRA
    I used to live and work in Florida but moved back to my home country Germany. I still have a "normal" IRA and am now over 59 1/2. Do I have to pay taxes on distributions from the IRA in the US? I do not have any other income there.
  • Oct 5, 2010, 09:27 AM
    AtlantaTaxExpert
    Yes, you WILL have to pay normal income taxes on the IRA distributions.

    You will receive Form 1099-R that shows the IRA distributions for the caledar year. That distribution amount will be reported on Form 1040NR, and the appropriate tax levied (probably at 10-15%).

  • All times are GMT -7. The time now is 07:29 PM.