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majgroves
Joined 2017
Posts: 132

American IRA distributions - Will France tax it ?

7 years ago

Hi everyone,

Just as in France, Italy will not tax an American retiree's pensions but unlike France, they will tax their Social Security as ordinary income, amounting to 43% in our case. . Though we get credit for what we pay the U.S.,

In the U.S., distributions from a Traditional IRA account is treated as ordinary income and taxed accordingly (about 25% in our case).

However, Italy treats a Traditional IRA as an investment account and therefore any dividends, interest, in your distributions are taxed as capital gains and no credit for taxes paid the U.S. are given.

Now, I wonder how France treats and taxes an American IRA account and is any of it taxable by France.?

I appreciate anyone's advice on this. Thanks

William Russell

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Expat Community > France

American IRA distributions - Will France tax it ?

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