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Deductions & credits
@juham2013 , while I cannot answer whether TT is capable of handling such a scenario, please can you tell me more about this income stream:
(a) Are you a US person ( citizen/GreenCard/ Resident for Tax purposes )?
(b) Which is the "pension / Social Security Equivalent" from ? Is this a private pension or truly from public funds ?
(c) You say per the treaty US cannot tax this income stream and yet you refer to Foreign Tax credit -- can you clarify what you mean ?
In general, US does tax your world income no matter what the source or category is. Also there is generally Treaty limitations on income from public sources as to whom can or may tax.
I will circle back once I hear from you --yes ?
pk
March 2, 2025
12:05 PM