Income Tax

MikeTVN Contributor

Member since 14 June 2020

MikeTVNContributor02 December 2024 05:25:50

151

Status on a US citizen who's been here more than 183 days in one year and thus a tax-resident, I believe.

Never had a bank account here or ever worked in Vietnam. But who earns passive income from interest bearing accounts in the US, SS and sale of a home. All in the US. My questions are about VN taxation not the US. And assuming the US tax burden is zero with allowable deductions and carry over capital losses.

Question 1: Interest earned from a bank in the US and the money that stays in US.Is that taxable in VN?

I see where interest earned in a VN bank is NOT taxable but from a US bank under worldwide income is taxable at 5%.

Question 2: Is the SS income received in the US taxable in VN?

Question 3: Is a home sale in the US taxable in VN. In the US tax liability would be zero capital gains tax because of a prior C/G loss. But I see taxes in VN under worldwide tax, again is a flat rate of 2% on the total sale with no deductions which is possibly referring to only a home sale in VN and not in the US