Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [puerto-rico]

Puerto Rico is a Caribbean island and unincorporated U.S. territory.

5
votes
1answer
91 views

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 ...
1
vote
1answer
227 views

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 ...
2
votes
0answers
150 views

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 ...
3
votes
1answer
130 views

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 ...
2
votes
0answers
56 views

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 ...
7
votes
3answers
5k views

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 ...
3
votes
0answers
281 views

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?
1
vote
1answer
129 views

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 ...
1
vote
1answer
2k views

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 ...
1
vote
5answers
170 views

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 ...
3
votes
1answer
97 views

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) ...
3
votes
1answer
410 views

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 ...
9
votes
3answers
2k views

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 ...
6
votes
2answers
561 views

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 ...
2
votes
2answers
176 views

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: ...
3
votes
3answers
344 views

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 ...
3
votes
4answers
1k views

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 ...
1
vote
1answer
138 views

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?