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Can a lump sum pension from switzerland be rollover to an IRA account to defer tax payment?
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posted
May 11, 2022
5:10 AM
last updated
May 11, 2022
5:10 AM
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Can a lump sum pension from switzerland be rollover to an IRA account to defer tax payment?
A rollover to an IRA can only be made from a qualified retirement plan that is established under the US tax code. A pension from Switzerland is not such a plan.
May 11, 2022
11:57 AM
286
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Can a lump sum pension from switzerland be rollover to an IRA account to defer tax payment?
Pension income cannot be used to fund an IRA.
May 11, 2022
5:17 AM
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Can a lump sum pension from switzerland be rollover to an IRA account to defer tax payment?
A rollover to an IRA can only be made from a qualified retirement plan that is established under the US tax code. A pension from Switzerland is not such a plan.
May 11, 2022
11:57 AM
287
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Can a lump sum pension from switzerland be rollover to an IRA account to defer tax payment?
Thank You yes that agrees with what I found when I looked at different ex-pat web sites.
May 11, 2022
1:25 PM
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