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@virginiac Generally, don’t trust professionals in country x who claim to be competent in the tax rules of country y. You need a person in the US who knows US law back to front but is also familiar with working with expats

@virginiac Yeah, the whole point of the FEIE vs. the FTC is that it doesn’t need to be offset with foreign tax paid. As long as you’re under the limit and meet the requirements (e.g. physical presence test), you shouldn’t have lability in the US

@annonymous1448 Schwab’s brokerage products are expat-friendly, but their banking products are not. They will also close your account if you’re a non-resident and you tell them that

@cb4yah A financial advisor is one of the main ways around that restriction though. EU residents can invest in US funds through an advisor. So unless OP is mistakenly calling like a custodian an advisor, that shouldn’t have been a problem either.

@kimhills afaik the main risk is account closure which, again, is not a huge deal if you need to find a new home for a few grand, but if your entire seven-figure life savings are suddenly liquidated, that’s kind of a nightmare. (NB: I don’t have a good answer on how strict they are with account...

@bluegill_04 The question really should be more about the tax code of wherever you're living rather than of the US.

@kimhills Yeah, there’s not a great way to buy US ETFs from Europe. Basically your options afaik: Lie about your residence. Not a huge deal with a few grand, but I personally was not comfortable doing that with the amounts that I imagine you’re dealing with Go through an advisor or someone...

@thefriendlyatheist US ETFs are generally not available to EU traders since they lack the required disclosures. You can buy options in them then exercise them. You can also just…not tell your brokerage you’re in the EU. Personally I don’t feel comfortable doing that long term with significant...

@brithulhu So you will pay taxes in Belgium. Really no way around that. /thread

@lemonbalm Idk if it’s the same issue in the UK anymore, but IB doesn’t sell US-domiciled ETFs to anyone in the EU based on European regulations.

@alcazar What does this have to do with expatriation? And why give them the account instead of just giving them the money in it…?