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Deductions & credits
hi thank you for those detailed information.
I live in switzerland and will be receiving a pension lumpsum, I enter the amount into 1040 line 21. the new tax calculated is 1/3 of what I'm supposed to received. I will be taxed in Switzerland at the time of payout, but just a saml 3%. I'm under the impression that the US has a tax treaty with switzerland. Would I still have to report this as income and pay taxes on it or where am I going wrong? I hope you have an answer it is extremely difficult to find a straight answer anywhere
ty
‎September 20, 2019
10:42 AM