Questions tagged [puerto-rico]
Puerto Rico is a Caribbean island and unincorporated U.S. territory.
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West Virginia Taxpayer aged 61 with IRA distribution from Puerto Rico
I am a permanent resident of West Virginia age 61 unemployed and receiving health and food assistance from the State...thankfully. I have very limited investment income, not enough to pay taxes of ...
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If I invest in my friend's trading based company that signs a contract to a fixed RoI can the gains be treated as long term if I leave it for a year?
So my friend has a company that seeks investments from friends and family (possibly other acquaintances too). They invest these funds into stocks, etfs, derivatives, etc using their patented ...
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Roth IRAs for Residents of Puerto Rico with No Income within the continental US
Can anyone help? I've looked for this info all over but have not been able to find any answers.
Are Puerto Rican residents allowed to open a Roth IRA while living and working in Puerto Rico?
If so, ...
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Puerto Rico Tax on Pension Income
I am considering purchasing a permanent residence in PR. I am retired.
Based on my 3 sources of income below, what would be taxable in PR?
Primary - pension from NYS government not subject to NYS ...
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Where do I report 1042-S income on 1040 form?
US citizen living in Puerto Rico. For 2018 will receive a 1042-S instead
of a 1099 R for 401 K withdrawals because tax rule changes. My address is Puerto Rico outside 50 states and no W-9 on file.
(...
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Income Tax Conundrum
I am employed in Georgia and pay federal and GA state income taxes. My employer has granted me the option to work from Puerto Rico about 50% of the time. I am considering moving my family and ...
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Do I need to pay Puerto Rico tax if I work remotely from Illinois?
I am a permanent resident of USA and I live at Illinois. I work remotely at my home in Illinois for an employer at Puerto Rico. I am not sure if I should pay Puerto Rico taxes.
As far as I understood ...
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Cashing in a IRA from Puerto Rico
My wife was born and worked in PR prior to our marriage over 20 years ago. She is now 60 years old. She has a IRA in PR. If she cashed out the money do we need to show this as income on our yearly ...
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Sole financial support for kids, but don't have the custody. Can I claim the tax credit?
I have a family member that has two kids in Puerto Rico; which is part of the US. However in PR they don't pay Federal taxes they just fill out the 1040PR to pay for social security.
This family ...
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Taxes on Federal Pension in Puerto Rico Non-Resident?
I'm a federal retiree with a federal pension and I'm a resident of Texas. I'm only taxed federally on my pension, as Texas does not have a state tax. I have been offered a year contract in Puerto ...
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Federal Taxes on Retirement Money - Puerto Rico Taxes after Retirement
Puerto Rico is a commonwealth of the USA. Puertoricans are US Citizen, but while they live in the island they don't have to pay Federal Taxes.
My question is for someone that have lived in the US ...
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If I plan to retire in Puerto Rico, should I move my 401k anywhere?
I plan to retire to Puerto Rico. Should I rollover my 401k directly to an IRA in Puerto Rico or should I keep it in the US?
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Do I need to fill state taxes from Puerto Rico for a forfeited 401(k)?
Around August last year, one of my 401(k) plans that I had with a previous employer was forfeited, and I received a check in the mail with the balance. I decided just to go and deposit the check on my ...
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Monthly money transfers from US to Puerto Rico
I would like to set up a monthly transfer of money (same amount every month) from my bank account (in the [mainland] US) to my parents' (in Puerto Rico).
I was surprised to learn from the person I ...
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Advice on strategy for when to sell
I started trading one year ago. I read Jim Cramer book and saved my 10K before investing. Then I invested on companies that I liked based on what I learned. It has been a fun year, what I have learn ...
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How to quantify the cost of your Credit Score?
In the event you have an investment property that have lost 10% value since 2005. Is returning a -30% in terms of revenue.
Costs are $12,915 (including mortgage payments) and Revenue (rental income) ...
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Can I move to Puerto Rico short term and not change my tax situation?
I am a resident of Utah. I have the ability to telecommute (work from home) whenever I want (or work from a coffee shop, it doesnt have to literally be my home). I would like to relocate to Puerto ...
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Stop paying your mortgage to lower your interest rate?
A few days ago I called my bank and ask them what will take to refinance my primary home mortgage. They said that advertised lower interest rates are only available for new clients and they don't ...
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What are the basics of apartment rental finances?
During the last few weeks I have been reading on rental yield and other rental finances questions.
I own a property that I have been keeping above the water by putting money into it. The mortgage ...
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How to buy a bond?
Since this question has been a tumbleweed I wanted to update the description to see if I get any answers.
This is the information that I have:
PR SALES TAX FING CORP A-1 RV CAV6.30 BE/R CUSIP: ...
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How can a bond guarantee a 5.5% return rate?
How can a bond guarantee a 5.5% return rate?
I am not sure how this is possible. I see that Puerto Rico has a municipal bond that gives more than 5.5%. How secure are these AA bonds? Why other AA ...
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Where can I learn about the differences between the banking system in Puerto Rico and the USA?
Puerto Rico is a territory of the USA.
Puerto Ricans can:
not vote for president
vote in presidential primaries
not pay federal taxes
go to work for the US army
are US citizen
work in any state ...
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Are there any special rules for charging sales tax in US Territories such as Puerto Rico?
Are there any special rules for charging sales tax in US Territories such as Puerto Rico?
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