CPF and US TAX RETURN

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VNITHI Member

Member since 17 April 2024

VNITHIMember17 April 2024 08:00:03

Hello

I am a US Tax payer recently retired from a company in Singapore. I have contributed to CPF for many years, Part of the contribution goes to my Retirement account. At retirement, I have opted for monthly pay out from my retirement account. MY question--how to report this amount in US Tax return. CPF confirmed that this is not pension. I think it is not annuity either since the monthly payout stops once money in my retirement account runs out. I guess I cannot report this money under these categories. I like to know to which category this has to be reported. Any particular Forms to be used. I wonder if it is required to report at all as it looks more like savings returned I would greatly appreciate any suggestions. Thank you

beppi Germany - Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany - Singapore Expert18 April 2024 06:58:24

15384

That mpnthy CPF payments are not pension might be true in the eyes of the Singapore authorities - but that does not necessarily mean the USA ones have the same opinion.

Since this is a question pertaining to USA law, I think you should ask this on the USA forum- or consult a USA tax adviser. The Singapore forum might not be the right place for this.

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