pk
Level 15
Level 15

Retirement tax questions

@SaraR321 

(a) Assuming that you are indeed a US person ( GreenCard ) for purposes of US tax filing,  

(b) that both the Clal and the Gemel are private  pension benefits / savings  schemes ( i.e. not equivalent to US Social Security  )

 

Yes you need to report these  ( year end value thereof ) in Part II of the form 8938 and then details thereof  in Part VI ( line 29 and follow-on  lines as applicable ).

I think it is line 36 that is applicable  since this is not a share   but an account and  it is a trust ( or behaving as a trust administering/managing an account  with contributions from you and your employer ) -- no different than  401/403 type of  retirement accounts in the US, except  under Israel laws/regs.

 

Does  this make sense ?   Is there more I can do for you ?

 

pk