Jun 25, 2017
I have a foreign pension fund. How will my distributions will be taxed?
I have a foreign pension fund. How will my distributions will be taxed?
Under most tax treaties, pension distributions are only subject to tax in the country of one’s residence. This means that if you are intending to retire in the US, the foreign country will not seek to tax your foreign pension distributions; any distributions will be subject to US tax only. The distributions will be only taxable to the extent that they exceed the basis in your fund – depending…
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