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Level 2
posted Apr 17, 2020 5:15:52 PM

Convert 401K to Roth IRA when leaving USA

Let's say I am a green card holder. If I decide to leave USA in 2020 and not come back again, I will convert my 401K to Roth IRA after leaving my employer. My question is: if I do the conversion in 2021 in another country, do I still have to pay federal and state income tax?

0 2 508
2 Replies
Level 15
Apr 17, 2020 5:24:20 PM

Yes you will ... it is considered US income and must be reported on a US tax return.

Level 2
Apr 22, 2020 10:41:04 AM

Thank you, but which state tax should I file? I don't live in any state then. And do I also have to file city tax?