Expert Info

Posted by FiveFifty
on 13 Jul 2023

Hello!

As an American citizen living in Sweden (residency in Sweden), will the IRS in the US require me to pay taxes on any money I withdraw from a Traditional IRA (not ROTH IRA)? Does anybody have any personal experience with this? It is my understanding that Sweden is solely responsible for taxing retirement related income according to the USA-Sweden bi-lateral tax agreement, if you are deemed a resident of Sweden. However, I'd like to find out from somebody who has experienced it themselves.

Thanks!

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