foreign tax on foreign retirement bond? Hi there,
I worked in Ireland for a year and as a result have a retirement bond over there: an account which I can cash out at retirement age in a lump sum.
Every year the Irish government takes out a "Government Pensions Levy." This year it was around $250 on an account worth around $16,000.
My question is, how do I account for this tax on my U.S. returns? I'm guessing that because I have not actually received any income from this fund that I do not include it on form 1116. Is this correct? If so, how should I deal with it?
Thanks! |