HomeJET ProgrammeWhen my lump sum pension withdrawal comes in is it treated as taxable income in the US? Also about how long does it take for me to receive it from the time I send my paperwork to Japan.
When my lump sum pension withdrawal comes in is it treated as taxable income in the US? Also about how long does it take for me to receive it from the time I send my paperwork to Japan.
I haven’t been able to find any concrete information on if my lump sum payment will be taxable income in America. Anyone who has gone through the whole thing know if it is or not.
It takes 6+ months. I’ve heard of people not including it in their taxes (since it was already taxed in Japan) and people declaring it (just to be safe). I’d talk with a CPA in your state to see what they think.
EDIT: To the r/japanlife mod who creeped on my post history and used this to decide to ban me and then mute me when I asked why, I still live in Japan. I haven’t applied for my pension refund yet — I was sharing info I’ve heard over the years. I’m literally in Tokyo right now, ya jerk.
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It takes 6+ months. I’ve heard of people not including it in their taxes (since it was already taxed in Japan) and people declaring it (just to be safe). I’d talk with a CPA in your state to see what they think.
EDIT: To the r/japanlife mod who creeped on my post history and used this to decide to ban me and then mute me when I asked why, I still live in Japan. I haven’t applied for my pension refund yet — I was sharing info I’ve heard over the years. I’m literally in Tokyo right now, ya jerk.
What do you want to do?