If you are planning to move from the US to India, your 401k, IRA, RSUs, US stocks, brokerage account, and foreign asset reporting can all become complicated very quickly.

In this episode of The Long Game, I speak with Megha about the tax mistakes NRIs and returning Indians should avoid after moving back to India.

We discuss:

• Where 401k withdrawals are taxed after moving to India
• Periodic withdrawals vs lump sum withdrawals
• Why the 10% early withdrawal penalty can still apply even if you live in India
• How to think about 401k and IRA withdrawals during RNOR status
• Why missing the RNOR window can cost lakhs
• Whether you can keep your US brokerage account after moving to India
• How US stocks are taxed after becoming an Indian resident
• Why gains may be calculated in INR, not USD
• How RSUs are taxed when they vest after moving to India
• What happens if you sell a US house before or after becoming an Indian resident
• Foreign asset reporting in India
• Why non-disclosure can create serious penalties
• Why you may need both a US CPA and an Indian CA

This episode is for education and general awareness only.

Please do not treat this as personal tax advice. If you are planning to move from the US to India, speak to a qualified CPA and Indian CA who understand both countries.