austin3515
Jun 30 2009, 07:19 AM
With a twist!
She lives in Puerto Rico - I gather the rules would be applied the same as if she lived in Arizona, is that true?
austin3515
Jun 30 2009, 07:51 AM
And a follow-up! Account balance is less than $5,000 and the plan includes the automatic IRA rollover rules. Do those rules apply to this?
masteff
Jun 30 2009, 04:05 PM
Looking at IRS Pub 570, my opinion is if US citizen, the proceed basically as normal. If not US citizen, then get W-8BEN. Most residents of Puerto Rico are US citizens so I'd generally proceed on that presumption.
And I don't see anything to contradict applicability of automatic rollover in this situation.
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