I have a fellow retiree from Puerto Rico who claims his accountant told him not to include that income in the Federal Return and file and pay taxes in Puerto Rico only. He even got a letter from the IRS stating he did not have to include it.
Just want to make sure and avoid any kind of penalties.
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I don't know what his letter says, but foreign and US pensions are generally taxed on the federal tax returns in the US.
You would not have state income tax because Florida does not have state income tax, but I find no exceptions in the tax publications that would exclude Puerto Rico pensions.
I don't know what his letter says, but foreign and US pensions are generally taxed on the federal tax returns in the US.
You would not have state income tax because Florida does not have state income tax, but I find no exceptions in the tax publications that would exclude Puerto Rico pensions.
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