I have a lump sum payout from a retirement fund which was taxed in South Africa. Do I pay tax again when funds are transfered to the USA? I am a expat now a US citizen.

adoons52 · ‎June 4, 2019

KittyM · ‎June 4, 2019

US Citizens are taxed on their worldwide income, so yes, you need to include this income on your return.

However, don't forget to claim the Foreign Tax Credit for the taxes you paid to South Africa.

KittyM · ‎June 4, 2019

US Citizens are taxed on their worldwide income, so yes, you need to include this income on your return.

However, don't forget to claim the Foreign Tax Credit for the taxes you paid to South Africa.

Found what you need?