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Get your taxes done using TurboTax
If you are not yet receiving distributions from these plans, you include the contributions that your company makes on your behalf to the defined contribution plan as part of your earned income when you enter your income in the foreign earned income section of TurboTax.
You are not able to deduct this income as you might a retirement plan in the United States. However, you are able to exclude the income as foreign earned income in the same manner as your foreign wages.
The United States has a bilateral agreement with South Korea for their National Pension Plan, so for those contributions, you exclude the contributions made by you and your employer from your income (ignore them, do not list them on the return at all.) You can learn more about that agreement here: U.S.-Korean Social Security Agreement.
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