unvested pension plans
Apr 2nd 2013, 2:45 am
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unvested pension plans
apologies for another tedious tax question...
I was wondering how to handle an unvested UK employer defined contribution pension plan, where i haven't made any contributions since becoming resident in the US. Based on what I've read, the only thing I need to do is declare it on 8938, and no tax is due on gains/losses. Does this sound right? I'm finding it tricky to get definitive information on this stuff, and am admittedly trying to do my return on the cheap with TurboTax.
Cheers,
David
I was wondering how to handle an unvested UK employer defined contribution pension plan, where i haven't made any contributions since becoming resident in the US. Based on what I've read, the only thing I need to do is declare it on 8938, and no tax is due on gains/losses. Does this sound right? I'm finding it tricky to get definitive information on this stuff, and am admittedly trying to do my return on the cheap with TurboTax.
Cheers,
David
