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New Member
posted Jun 4, 2019 6:02:13 PM

I withdraw part of the pension fund from Israel, and paid 35% tax in Israel on that. How should I report this in TurboTax ?

I do not have any special forms other than a form from pension fund stating how much I withdraw and how much I paid in taxes.

0 7 3012
7 Replies
Level 7
Jun 4, 2019 6:02:15 PM

How did you handle US taxes when you made contributions to your pension? Distributions from you and your employer reported on your tax return as income should not be taxable again now when distributed, only gains.

New Member
Jun 4, 2019 6:02:17 PM

All contributions to pension fund in Israel were done when I was living there and I had no US tax responsibilities at that time.

Level 7
Jun 4, 2019 6:02:18 PM

what is your visa status?

New Member
Jun 4, 2019 6:02:19 PM

L1

Level 7
Jun 4, 2019 6:02:21 PM

How long have you been in the US? Was this an early distribution prior to pension age?

New Member
Jun 4, 2019 6:02:22 PM

2 years. It is an early distribution prior to pension age. That is why 35% tax was paid in Israel on this distribution.

New Member
Jun 4, 2019 6:02:23 PM

You would enter that foreign income and foreign taxes paid using the directions in the 2 TurboTax FAQ below to record both the income and credits/deductions:

Foreign Tax Credit Entry

https://ttlc.intuit.com/replies/3302405

Foreign Income Entry

https://ttlc.intuit.com/replies/3290703