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I am a US citizen domiclied in the UK, working for a UK firm and paying UK taxes.

Could I/ Should I take out an IRA with a small US inheritance paying from the interest/or dividends earned and thus limiting my US tax liability? I do also submit a US tax return.

I have pondered over this for sometime and need to know if I am losing out on a useful investment/tax efficient break.

Thank you for any help you can offer!
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