mmju1

Thanks for all the response above. If the retirement fund is treated as ASSET, which I will file for "capital gain" in the first year after landing. How to calculate the amount of gain at the moment I liquidate, a lump sum at age 65? Under monthly contributions in the pre-immigration period, will the amount of GAIN based on the difference between contributions and final liquidation? OR, the amount of GAIN based on the value of mutual fund on the date of immigration (landing)?

For F4 visa, nothing specify as long as you can prove the siblings' relationship with the documents and tell what you know about your sibling, such as his/her job, when you last meet him/her, where he/her lives, and how long has he/her been in the US, etc.... BTW, may you share your timeline? How long have you been waiting after DQ? Does the interview be delayed by the pandemic? When is your interview?

My daughter landed the US on 1July 2017. However, she was in and out of the USA in the past five years, as she needed to finish her high school in 2019 June and started college in the USA in 2019 Fall. Periods of stay in the USA from 2017: July 2017 to Aug 2017: 2 months, left and back within 11 months July 2018 to Aug 2018: 1 month, left and back within 6 months Feb 2019: 2 weeks, left and back within 6 months Jun 2019 to March 2020: 10 months Sept 2020 and stay for studying college till now: 24 months In the past 5 years, she had stayed in the USA for over 30 months, but when should we start the counting of "5 years"? As she is the beneficiary and the petitioner, her dad, had stayed in the USA since July 2017 and is ready to submit the application for neutralization. Please advise. Thanks in advance.

Thanks for your prompt reply. At my homeland, this retirement fund account is non-taxable, I do not need to pay any tax at redemption. Likely, the amount i got at age 65 will be tax. Then, the second question, will it tax under income for that year or capital gain?

Hi all, I have a retirement account that can only be liquidated after 65 years old. It is a fund base account under the monthly contribution of my working period and it inflated/gains after years. I plan to land the US in next year and my retirement account will stay in my homeland for some years. I wonder what is the tax implications on the year that I redeem or liquidate the retirement fund, which will be at my age of 65. Will it treat as income for that tax year or it will treat as my asset for filing under the capital gain category? BTW, for filing capital gain tax, will the gain over the years be calculated starting from my landing date? Or, the capital gain tax will count since my first contribution to the retirement account, which was many years ago? Thanks in advance for any insight into this issue.