ombskid Posted August 11, 2014 Posted August 11, 2014 US citizen moving to UK. Will keep US citizenship. Will have Sch C type income in UK, subject to US income tax. Can she have a qualified plan in the US for that income?
Flyboyjohn Posted August 11, 2014 Posted August 11, 2014 Yes to the extent her income exceeds the foreign income exclusion (that is, the income that she's sheltering would otherwise be subject to US income tax). But if her income is fully sheltered by the foreign income exlcusion she wouldn't want to have a US qualified plan unless it was just for a Roth deferral.
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