- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I thought I would add my opinion to @pk opinion.
To be conservative, you may wish to report the the unrealized growth as ordinary income along with any interest and gains. The income in the foreign retirement fund may be classified as a PFIC, Passive Foreign Investment Funds, (which has complicated reporting requirements).
TurboTax is not set up to handle PFICs.
To be on the safe side, I would file the FBAR and Form 8938 if it applies.
US Requirements for Foreign Pension Plans
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 15, 2020
7:50 AM