What happens to my 401(k) and deferred compensation when I expatriate?
I have about $800,000 in my 401(k), $200,000 in a traditional IRA, and I'm owed about $300,000 in deferred compensation from my former employer. I'm surrendering my green card next year. My tax attorney said these accounts are NOT subject to the mark-to-market exit tax but have their own special rules. Can someone explain what those rules are? Will I be taxed on the full $1.3 million when I leave?
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