Hi,
I found a couple of different approaches on this community about how to report the income if I cash out an overseas pension- this would be a non-qualified pension in the eyes of the IRS, I believe. As such, I think the income would be considered Net Investment Income and subject to Net Investment income tax, based on my forecast total earnings this year. I understand Form 8960 is used for calculating any tax owed and that for form is included in TT online. My question: is there a way I should define the income from my overseas NON-QUALIFIED pension in TT to ensure it is factored as net investment income on form 8960?
