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Retirement tax questions
I do not understand what this comment in the subject means.
I am reading everywhere that my UK government pension IS taxed in the US. Last year I put it in as income and took off 25% which was the allowance given in UK. I did this because of what I read as no one could answer this simple question not even the IRS who told me to employ a tax expert. I need more help from Turbo tax on this issue please.
Now I am reading put it in as income then take it out? That would mean no taxes. This pension in UK would be taxable if I was a UK resident so why would it be non taxable here?
The comment "Yes, but only to the extent of the UK pension amount that. is included as part of your taxable income???." from a previous quote means whta?
Thanks for any help as here I am again another year and still clueless haha