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How to report retirement lump sum in Japan for US resident
hi , I moved to another company in 2022 in US, and finally received the vetted retirement lump sum from my previous company that has Japan branch I used to work for until 2014. I saw similar questions and tried in Turbotax in foreign tax credit. FYI, they deducted about 20% from the lump sum as non-resident tax in Japan.
After I filled out form 1116 as per the direction, and I see the Foreign tax credit came out a lot. I think I must have done something wrong. It may be because I chose 'General category income' instead of 'Lump-sum distributions' in Choose the income Type ? But, if I choose 'Lump-sum distributions', smart check indicates that Form 1116 : line B lump sum distribution amount must be entered on smart worksheet.
March 4, 2023
10:17 PM