Hello,
I have foreign pensions (from former employers when I lived outside of the USA). I have never withdrawn from these pensions and have not contributed in a number of years. The only change during the tax year is therefore to the extent that the underlying assets rise (or fall) in the marketplace.
Based on the above, in the section that asks whether these accounts 'had income, deductions or credits', what is the answer?
I also have a foreign bank account - the equivalent of a checking account. There is no interest on this account. Throughout the year, I deposit and withdraw money on a regular basis.
Based on the above, in the section that asks whether these accounts 'had income, deductions or credits', what is the answer?
Thank you for your help.
