Retiring in Puerto Rico

Submitted by Doug Reed on Thu, 2015-04-16 20:14

I was recently in Puerto Rico and while there learned of some changes to the tax law. If I have a client that retires in Puerto Rico and/or lives there at least during the qualifying period, is their IRA distributions subject to Federal income tax?



Submitted by Alan - IRA critic on Fri, 2015-04-17 15:55

Probably. IRAs do not produce capital gains and will not be considered Puerto Rico source income. 

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