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Deductions & credits
My financial institution here in the US is reporting a small amount of foreign tax paid ( < $20 ). It was imported into TurboTax and I can also find that when I look at the 1099 Composite form from them, in the Dividends and Distributions section - probably because one of my funds maybe has foreign investments.
What's the alternative to reporting the pension under Miscellaneous? and would that allow me to enter the foreign tax paid? (that's still the core question, where to input the foreign tax paid for the pension amount)
I have not reviewed the tax treaty in detail and would appreciate advice. I retired in October 2024, so the amounts are small this year but I want to get it right so I know for next year when the amounts will be larger.
March 27, 2025
11:43 AM