British Expats

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-   -   Dual US/Australian Citizen and 401k Queston (https://britishexpats.com/forum/australia-54/dual-us-australian-citizen-401k-queston-943018/)

bobs123_wa Mar 4th 2022 11:41 am

Dual US/Australian Citizen and 401k Queston
 
Hello.

I am a dual US/Australian citizen that will be retiring to Australia at the end of this year. I was wondering if anyone here is drawing from their 401k account - if so, do you pay taxes on the amount withdrawn in Australia and them claim it as a foreign tax credit when filing your US taxes?

Thank you in advance.

fth Apr 27th 2022 8:11 am

Re: Dual US/Australian Citizen and 401k Queston
 
No idea - there are a few forums on Facebook for US / Australian tax questions that can point you in the right direction. Fix the Australia/US Tax Treaty is one of them.


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