Love the site and the resources! I’m in a bit of a situation right now where I’m trying to figure out my tax situation from the U.S. standpoint. I want to make sure the IRS won’t come knocking on my door some odd years later demanding unpaid taxes!
Here are the relevant facts:
AFAIK, I am not subject to the expatriation tax, so my U.S. capital assets are not deemed sold when I left the U.S. or when I redeclare my Canadian residency. Is this correct? As such I am not subjected to U.S. taxes now nor when I do eventually sell these assets. I do expect that I’ll need to file a return for the stocks I sold in 2017 during my travels but those will be covered by my capital gains carryover. Should I file a termination of residency along with that as well?
Thanks for your time and any insight!