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Foreign retirement plan
I am an immigrant and contributed all my work life to a retirement plan similar to a 401K in my country. By law, I cannot withdraw any of that money until I retire in a couple decades, but the account remains open and keeps earning dividends. Since the account has more than $10,000 in it I should report it using FBAR but, are those dividends taxable income? If so, where should I report it?
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‎January 29, 2021
5:27 AM