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Retirement tax questions
Yes, you can report your Japan retirement distribution as 'Other Reportable Income'.
- Under Wages & Income, scroll all the way down to Miscellaneous Income, 1099-A...
- Then scroll all the way down to Other Reportable Income, Other Taxable Income,
- Enter a Description and Amount
Then in the Foreign Tax Credit section, if you reported Foreign Tax paid on 1099-Div, 1099-Int, etc., continue until you can choose 'General Category Income' in this section.
Add Country Japan and enter/description and amount in USD.
Continue to screen where you can enter the amount of tax you paid to Japan in USD. You will get a large amount of Foreign Tax Credit, since you are adding a large amount of income as well.
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March 10, 2023
3:14 PM