Thailand J

Just received, ordered on Lazada, AA batteries not included. Two timers will create two zones.

"Section 42 The assessable income of the following categories shall be exempt for the purpose of income tax calculation:" SEction 42 is a list of nontaxable income, do not have to be reported. Section 5 of RD 743 exempts foreign income earned in the previous year and remitted into Thailand. This foreign income became non-taxable income,the same as those listed in section 42 , in Part ii of Chapter 3 of the Revenue Code. None of these non-taxable income needed to be included in your tax return if you had to file one for whatever reason. There is no line on tax form 90 or 91 for these non-taxable incomes and it's not correct to add them to taxable income. My opinion.

I knew my monthly payment when I sign in to My SS account and downloaded the letter in late Nov 2023. My January payment already shows COLA.

paragraph one and two of Section 4 RD 743 do not apply to my foreign income . There is no requirement to file income tax on my foreign income exempted by Section 5 RD 743.

https://maps.app.goo.gl/TPCBTn9y8YYqeH3A8 RS Terminal is behind PP Autosport. Insurance paid for the job and increased the premium, the reason why I changed insurance company, and pay out of pocket for small jobs. Been here many times, Mongkol Jaroenyont Garage, cheap and good work. https://maps.app.goo.gl/9n4d3TYMbFcfC3nE8 G Car is a big shop but will take small jobs. https://maps.app.goo.gl/pi7Ygsjz5quRaSdH7 My car was here for 3 months after a serious accident, drives like new after the repair, don't know if they accept small jobs : Ch P Garage https://maps.app.goo.gl/rSeUfkQacMyG275M8

https://yardeni.com/charts/presidential-cycles/ Since 1929, 3rd yr of the presidency terms were the best for stock market, average 14% gain. Whatever that means.

I am fully invested, my question is what to sell. I am invested in US stocks. US large companies derive up to 60% of their revenues overseas.

1 USD = 34.33 THB https://fiscaldata.treasury.gov/datasets/treasury-reporting-rates-exchange/treasury-reporting-rates-of-exchange

If you have filed online, sign in to the website, click on "Check the status of application". The page with refresh and you will see all the old receipts as small PDF icons which you can click and print. BOI requires an old TM47 ( 90days) receipt for LTR visa applications :

You can get Part B, cancel when you are sure of not returning to US, doesn't matter what other expats do.

"Cancellation of benefit" (withdrawal of application)is when you started the benefit at say 62 and change your mind, you have 12 months to do so and have to pay back the benefits. "Suspension of benefit" is after 67 you can halt the benefit to have it restarted later with a bigger payout. For example in my case I have started the benefit at 62 more then a yr ago, I can't cancel but I can suspend the benefit when I reach FRA at 67. Good to learn something new. Thanks. https://www.aarp.org/retirement/social-security/questions-answers/social-security-going-back-to-work/

I thought you can only cancel application within 12 months of application, have to pay back the benefits, and reapply on a later year.

Buying and selling is not my strategy anyway.

My best performing investment in 2023 was not any fund, it was Microsoft up 56.96%. Closed at $376. I bought in at $50. My investment in Vanguard VGT ( tracking Nasdaq tech stocks) was up 53%. Berkshire Hathaway was up 15%, no complains, better then keeping cash which I would have done if I didn't buy BRK/B. Overall up 30%, a quick rebound from 2022 downturn, not too bad long term neither.

The longer the time span, the less likely active funds were to have outperformed the benchmark. https://www.spglobal.com/spdji/en/research-insights/spiva/

I recall it was Magellan manager Jeff Vinik who sold tech stocks in the fund in 1995/1996. He predicted a tech stocks correction 4 or 5 years too early and missed the rally.

I believe fund managers do everything to help, not just that, but no thanks. The only non index fund i have is BRK/B where I moved all my cash reserve in my portfolio into, thinking that it is a stable investment.

I used to have money in Fidelity Magellan under the management of legendary Peter Lynch. Did very well for a few years. That was where I learnt most managed funds don't beat the broadmarket in the long run and moved my money into index funds. Last decade Contrafund was good but not outstanding compared to the broadmarket. You must have got in before that. Contrafund vs VOO, 10 yr, 5 yr and 3 yr:

If I reply to you posts I will just be repeating what I've posted. I suggest you re-read my posts.

US citizens are taxed as US residents using the same tax form as the residents : IRS Form 1040. Foreign income is reported on form 2555 attached to form 1040. This is going to be the same in the future unless there is a a major policy change in US which I see no hints of happening.

US taxes IRA distribution if you are a US citizen. If there is another state that is able to and actually does impose tax on the the same distribution then there will be an arrangement such as tax credit. so far it has not happen with US -Thai tax where US IRA is taxed in Thai. I am not sure why you try so hard. Open your eyes, non of us here who stay in Thailand ever paid Thai tax on our IRA distributions.

swiss actually tax US income but Thai so far has not. and if Thai does next year it wont be the same way as Swiss does. different country different deal. . Stay with Thai_Us tax.

The first stop was right after the turn into Suk. The second stop was at the pedestrian bridge near south Pattaya Tai. https://maps.app.goo.gl/3RpNj231dqAt7Dxc6 https://maps.app.goo.gl/tXRdah9bLP6d7ZKr6

every tax treaty is different. Different income different rates etc. You can't replace a country name and make an arguement. as of today thai tax law tax no IRA benefits remitted the year after. and with 162/2566 it's a complete different game. Does Swits has the exact same DTA with US as Thai? Does Swiss has the same tax rules regarding foreign incomes as Thai?