Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
is a foreign retirement account payout taxable?
a resident alien got a lump-sum distribution from a japanese retirement account and paid japanese taxes on it. all this happened in 2006, but the money was from when she was working in that country. do I have to report that? if so, on what form? which amount (the post tax part or the pre-tax part?)
thanks
2 Answers
- Anonymous1 decade agoFavorite Answer
I think what you have to do is declare it as foriegn-earned income, and take the foreign tax credit on what you paid. You're going to come close to a wash since it's not a domestic source income.
- ?Lv 45 years ago
in spite of if it incredibly is an instant retirement account to retirement account rollover it would not set off any tax; make confident it incredibly is complete properly because of the fact the incorrect examine mark can take a superb type of artwork to straighten it out.
