Hi Everyone,
Some of the quotes i have had to have a professional do this are huge so i am going to attempt myself for the 2018 year, below is a summary of my situation its not overly complicated, and a few questions. I'd appreciate some tips if you think i have missed anything otherwise i will file with turbo tax as below.
- Need to file USA taxes for 2018, i moved home to UK from USA in August 2018 and have since been earning pounds, prior to that i was in USA for 9 years, green card since 2015. I believe given i had the green card for less than 8 years i don't need to file the expatriation form is this accurate?
- accountant told me i could file just a USA tax return and exclude my UK income for 2018 using form 2555-EZ - he said this is available in Turbo Tax. Do i file as a resident or non-resident given i left the country in August (I also filed I-407 to relinquish my green card in October 2018)?
-Sold my house in July before i left - i believe no tax is owed on this as it would be below the threshold for capital gains - is this accurate?
-Last few years i have always filed a 8938 and the FBAR for my foreign (UK) bank accounts as i was over the threshold. Do i need to do this for 2018 given i left, technically the accounts are not foreign now i live back in UK?
-I think i only need to do the HMRC self assessment next year because i have only earned pounds from August - is this accurate?
Also - if anyone has a good recommendation for someone to do this for me and is reasonably priced i would go that route probably
Thank-you
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