Hello!
I am a green card holder but I live in Israel on permanent basis since 2021.
And every year I file tax return to stay compliant with IRS.
In 2024 I started working as a part-time employee
and according to the law of the State of Israel I started participation in my employer's pension plan( Clal pension and Gemel LTD, my share + my employer's share which is greater than mine).
I think I should to fill out parts II and part VI in form 8938.
Questions is :
- Should I use line 35 or 36 in part VI for pension plan?
- Which box do I check on lines 35a -35 e or 36a-36e.
-Do I have to submit also Form 3520 ?
- in 2024 I made contribution to my employers pension account. Do I need to check box [Received a distribution from, or was the grantor of, or transferor to, a foreign trust] in the section
[Foreign Accounts and Financial Assets] of Schedule B (Form 1040)?
Thanks.
