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Old 02-24-2014, 05:16 PM
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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!



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