Updating form 10-ee and Schedule FA if there is change in custodian account

Hi I Have for 401k and IRA accounts ( retirement accounts ) which are created when I was non-resdient. Now I am resident for many years and showing these accounts in FA schedule .  I need to change custidan now due to easy  use.  I will do direct rollover from old custodian account to new custodian account.   Question how to handle in form 10-ee which already filed for  old custodian accounts?. I heard we can't re-submit for 10-ee again. 

  Can I file new form 10-ee with  new  401k/IRA  account details. Will it not create issue since technically it  is new IRA account which will be created now ( when I am resident )  eventhough I am just doing rollover .  How to show this  rollver in FA schedule  

Any help on this will be greately appriciated. thanks 

 

Replies (2)
Quick Summary
This discussion addresses how to update US tax forms when changing custodians for foreign retirement accounts like 401(k)s and IRAs. The advice given is to file a new Form 10-EE for the new custodian account before filing your tax return. In Schedule FA, report both the old and new accounts, ensuring the old account shows a zero closing balance after the transfer.

File a new Form 10EE for the new custodian account prior to filing your ITR. In Schedule FA, report both the old account (showing a zero closing balance after transfer) and the new account separately, maintaining rollover statements to prove continuity of the tax-deferred foreign retirement funds.

Thank you for the quick response !!! 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details