A deemed sale of everything you own, the day before you leave
US Expatriation / Green Card Exit Tax Calculator
Covered expatriate status
—
Taxable gain after exclusion
0
gains above the annual exclusion amount
Estimated exit tax
0
as if all assets were sold the day before expatriation
"Covered expatriate" is a specific legal test, not just anyone leaving
You're a covered expatriate if your net worth is at least $2 million, your average annual net income tax liability over the prior 5 years exceeds an inflation-adjusted threshold, OR you fail to certify 5 years of US tax compliance — meeting any ONE of these tests triggers covered-expatriate treatment.
The exit tax is a mark-to-market deemed sale
Covered expatriates are taxed as if they sold their entire worldwide asset portfolio the day before expatriation, at fair market value — realizing all embedded unrealized gains for tax purposes even though nothing was actually sold, with an inflation-adjusted exclusion amount reducing the taxable gain.
Retirement accounts and deferred compensation have separate rules
Certain deferred compensation, specified tax-deferred accounts, and interests in trusts are NOT covered by the mark-to-market regime and instead face their own separate rules (often a 30% withholding on distributions) — a full expatriation analysis needs to look account-by-account, not just at a total-portfolio level.
Covered-expatriate net-worth threshold modeled at $2 million (one of three independent tests; the average-tax-liability test and 5-year-compliance-certification test aren't checked here and could independently trigger covered status even below $2 million net worth). Exit-tax exclusion modeled at an illustrative inflation-adjusted amount near $890,000 for gains above that threshold, taxed at your stated capital gains rate — the exact current-year exclusion amount is set annually by the IRS. Deferred compensation, specified tax-deferred accounts, and trust interests follow separate rules not modeled in this simplified mark-to-market estimate. This is an extremely high-stakes, irreversible decision — a cross-border tax attorney or specialist CPA should run the actual Form 8854 analysis before any expatriation. Not tax or legal advice.
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