I was previously employed in Microsoft Denmark, where I received a stock award grant (FY 2022), that continued to vest during 2023 (and into the future).
I am liable to pay Danish income tax on the stocks from that award that vested during 2023 (proportionately to the number of days spent working in Denmark for the vesting period). However, US taxes were already fully withheld by Fidelity (in partial stock) for the same stock at vest time. Can you point me to any available documentation on how to handle this, to ensure I avoid double taxation and receive a return of a portion of the withheld stock for tax purposes?
If I am for example liable to pay taxes on 50% of the vested stock in Denmark, and 50% in US, given that Danish taxes are higher, can I claim credit for the full amount paid in Denmark, mitigating some of the US tax due?
I also have a foreign pension savings account in Denmark and am wondering what my obligations are with reporting it. I am already paying taxes in Denmark on unrealized gains on this investment, and would like to make sure that everything is correctly reported and not taxed twice.
Thank you!
