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I sell my house, invest the equity from the sale into a mutual fund (or other investment fund), and move to Europe (I am married to a Dutch citizen).

While living in Europe I earn little or no income to report to the IRS and only report the amount of return on my investment.

Is it possible that I may not even need to pay taxes on my investment if my return is the only income I have and the amount of my return is equal to or less than poverty level.

While the poverty level has nothing to do with it, if your income is low enough that you don't owe any tax, you don't owe any tax.

Phil Marti
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