There may have been discussions on this before, however I didn't have much luck when I searched, so apologies if anyone reads this and thinks...'OK, here we go again' ! We are fast approaching a time when we will need to consider our options with this and determine what is the best alternative.
My understanding with IRAs (Investment Retirement Account)and Social Security at retirement is that the distributions are taxed at source in the US and that there is agreement with France to avoid double taxation. Can anyone tell me if this is correct, and particulary, if it becomes necessary to file a tax return when you draw from your IRA?
My other question involves inheritance from a family member in the US. Does anyone know the tax implications here in France (my husband and I are resident here), and in the US for that matter. I suppose the biggest asset from any such inheritance for us would be the sale of a house.
Many thanks for your assistance!