ok I appreciate that. Was debating on the whole 800k baht in thai Bank or showing the 65k a month. I may just hire an agent to do all the visa and bank shenanigans and run everything out of my US bank and wise account. Thanks for the detailed reply
ok so if it's a portion of my government pension pretaxed in states and deposited into a Thai bank each month, I don't have to worry about taxes? Should I have my 1099R to show this? Don't want to be blindsided by any additional hits on my income not budgeted for.
so if your income is a government pension from US and its already taxed and you are over 50 in thailand on a Retiree visa and you either have the minimum required 800k thai baht in a bank or show you are bringing in the minimum 65k baht a month into a Thai bank will that be subject to taxes? The US has a tax treaty with thailand also. In hearing multiple opinions about this.