Retirement tax questions
Yes, the same applies, if you're a US citizen or resident, you need to report all of your income no matter where you live.
There's a tax treaty between the US and Germany that allows Social Security benefits paid by Germany to US Citizens residing in Germany to be treated as...
To enter the income, since they are both the same type of income:
- Open your tax return
- Go to Social Security benefits
- Add both amounts (using these exchange rates) and enter the amount as your Box 5 net benefits
- After you enter the total amount received, the program will ask if you were a US citizen living abroad in one of the following countries. Answer yes, and the TurboTax will calculate the rest.
See the images below for your reference:
