Yes, you will need to report the full distribution of this fund as taxable income, including the interest. Here is how to report.
- Log into your account
- Select Wages and income
- Less Common income
- Miscellaneous Income, 1099-A, 1099>start
- Scroll to the bottom of the page to Other Reportable Income
- Other taxable income, answer yes
- Then give a brief description of the income and the amount listed..
- Once this appears in a summary screen, click on the Add Miscellaneous Income Item and then call it Singapore CPF Income and then the full amount of the income. (22,000)
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