@fjpuentes1974 , the best I get is that the private pension scheme in Columbia is similar to self-directed 401 (k), except (a) you can choose only a selected number of private administrator and type of investment; (b) your contribution of 4% is mandatory and so is the employer's 12%; (c) it is like a defined contribution plan ; (d) distribution is not available till retirement age ( national ); (e) there is no tax favored status. In short it is like a mix of the 401 and Social Security. At this time I absolutely do not understand why your accountant reported the gain ( which is again tentative and may be lost next year )as income -- it cannot be taxable because it is NOT income. You should not report this for 2020 . Also you should go back and amend your 2019 to get the taxes paid on this back ( for both federal and State ). If you are going to use professional tax preparer / accountant , please make sure they are aware of international tax situations and willing to do research if they are not familiar with the subject.
Anything more I can do for you on this ?
