Hi,
- Does Singapore CPF account need to be declared and paid tax on?
- If one had Singapore CPF account and amount 20k before becoming a US tax Resident in year 2023. During Y2023 interest accrued 1k, Y2024 INT interest accrued 1.5k. CPF account closed in Nov.'2024. Total finds received 20k+1k+1.5k = 22.5k. During residency in USA the interest earned was 2.5k. So,
Q1. This CPF account need to be declared? If yes, in which form?
Q2. Tax need to paid on 2.5k? In which form interest need to me mentioned?
Thanks
