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Foreign pension
I worked until 1985 in Switzerland and had a "second pillar" pension. (The employer and employee contributed to this pension tax-deferred. When I moved to the USA the employer deposited this money to a locked account until my 65th birthday.
Now the bank where this account was held wired me the money in one lumpsum. The Swiss tax authority withheld tax because I do not live in Switzerland and file there a tax return.
Question: Because I payed already tax in Switzerland for my pension do I still owe additional taxes in the US?
How do I declare (if needed) this in Turbo-Tax?
Can I roll over this pension into a IRA in the USA?
‎December 11, 2021
2:48 PM