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Foreign Social Security
I am paid retirement benefits from Nicaragua which my sister collects and uses there. I do not see a tax treaty between US and Nicaragua so I'm not sure how to report this. I have found a few solutions using a 1099-R but those were for countries with treaties. Also, do you convert the payments to USD each month or just as of 12/31 exchange rate? Any help would be greatly appreciated. Thank you.
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‎January 31, 2023
3:07 PM