Dear ATO communities,
I would like to hear some guidance regarding my situation.
Background story: Many years ago, I went to live and work overseas, and setup an account with IBKR LLC for investing US shares. At that time, I was a tax resident for that country.
Sometime last year, I lost my job and I decided to come back to Australia to look for work. I found a job and decided to live and work in Australia, and hence I am an Australian resident for tax purposes.
I told IBKR LLC that I am now living and working in Australia, and they refer me to this article that recommends me to transfer my account to IBKR Australia. (https://ibkr.info/node/2928)
My question:
What is ATO view in regards of keeping the IBKR LLC account active and not immediately transfer? I intend to fulfill my obligation and declare all foreign-sourced income.
Thank you for your time.
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