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When I was a resident of Puerto Rico, I opened an IRA account. Now I am a resident of the United States and I received a disbursement from my IRA in Puerto Rico. Do I have to pay taxes on this income in Puerto Rico?

If you receive income from IRA accounts opened in Puerto Rico, even if you are no longer a resident of Puerto Rico, this income is taxable in Puerto Rico. For the United States, we suggest you consult your tax advisor to evaluate your specific case.  

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Call us at 787.724.3659 or Access Mi Banco Online (desktop version), log in by entering your username and password, and in the upper part of the website click on “Contact Us”. From there, write your message, and we will gladly assist you.

We encourage you to consult the following information regarding useful and accessible solutions for you.



FDIC Member. Products and services offered by Banco Popular de Puerto Rico.

1Withdrawals are subject to the availability of funds in your account.

2Deposits are subject to the provisions of the Bank’s Funds Availability Policy. Easy Deposit Mobile is a free service and only for Banco Popular customers with individual deposit accounts and/or commercial accounts (FlexiCuenta de Negocios® & B-Smart®). Customers selected in accordance with the Bank’s eligibility criteria. Checks deposited before 6:00 p.m. of a business day will be processed the same business day, subject to verification and deposit validation. In the back of the check to be deposited, enter your signature, account number and the phrase “For Deposit Only at BPPR.”