Hi,
I received a $24,000 pension lump sum from the UK, with $18,000 taxable. After $6,000 was deducted at source, $17,900 was credited to my bank account in USA in 2024.
I left the UK several years ago.
I'm entering this distribution in 1099-R:
- Box 1 Gross distribution: $24,000
- Box 2a Taxable amount: $18,000, Total distribution: $17,900
- Box 7 Distribution code: Which code should I use?
There's no box for the foreign tax amount of $6,000 deducted at source. Should I enter it in Box 8 Other and make a comment?
How do I claim credit for the tax deducted in the UK to avoid double taxation?
I will appreciate any help or suggestion.
Thank you,
Nurul Islam
