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Form 1099-R or Form 4852 For Foreign Social Security Payments?
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tb
Feb 8, 2024, 2:17:06 PMFeb 8
to
I am a U.S. citizen and reside in the USA.
The Swiss "Social Security Administration" will soon start crediting my
bank account with monthly social security payments.
These payments are not the result of a totalization agreement between
the U.S. and the Swiss social security administrations.
The Swiss government will not be sending me a Form 1099-R at the end of
the year.
My reading of the tax treaty between the U.S.A. and Switzerland is that
I will have to pay taxes in the U.S.A. for such social security
payments.
Since the Swiss "Social Security Administration" will not be sending me
a Form 1099-R, will I have to fill out such form on my own, or perhaps
fill out Form 4852? (In either case I will not be able to supply a
payer's TIN and might have to do a paper return...)
Thanks for your suggestions.
--
tb
--
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The Swiss "Social Security Administration" will soon start crediting my
bank account with monthly social security payments.
These payments are not the result of a totalization agreement between
the U.S. and the Swiss social security administrations.
The Swiss government will not be sending me a Form 1099-R at the end of
the year.
My reading of the tax treaty between the U.S.A. and Switzerland is that
I will have to pay taxes in the U.S.A. for such social security
payments.
Since the Swiss "Social Security Administration" will not be sending me
a Form 1099-R, will I have to fill out such form on my own, or perhaps
fill out Form 4852? (In either case I will not be able to supply a
payer's TIN and might have to do a paper return...)
Thanks for your suggestions.
--
tb
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
Adam H. Kerman
Feb 9, 2024, 12:41:34 PMFeb 9
to
tb <nos...@example.invalid> wrote:
>I am a U.S. citizen and reside in the USA.
>The Swiss "Social Security Administration" will soon start crediting my
>bank account with monthly social security payments.
>These payments are not the result of a totalization agreement between
>the U.S. and the Swiss social security administrations.
>The Swiss government will not be sending me a Form 1099-R at the end of
>the year.
>My reading of the tax treaty between the U.S.A. and Switzerland is that
>I will have to pay taxes in the U.S.A. for such social security
>payments.
>Since the Swiss "Social Security Administration" will not be sending me
>a Form 1099-R, will I have to fill out such form on my own, or perhaps
>fill out Form 4852? (In either case I will not be able to supply a
>payer's TIN and might have to do a paper return...)
You aren't the payer, so skip the 1099-R. You will have received
>I am a U.S. citizen and reside in the USA.
>The Swiss "Social Security Administration" will soon start crediting my
>bank account with monthly social security payments.
>These payments are not the result of a totalization agreement between
>the U.S. and the Swiss social security administrations.
>The Swiss government will not be sending me a Form 1099-R at the end of
>the year.
>My reading of the tax treaty between the U.S.A. and Switzerland is that
>I will have to pay taxes in the U.S.A. for such social security
>payments.
>Since the Swiss "Social Security Administration" will not be sending me
>a Form 1099-R, will I have to fill out such form on my own, or perhaps
>fill out Form 4852? (In either case I will not be able to supply a
>payer's TIN and might have to do a paper return...)
statements from the pension administrators so you'll know what you'll
need to report.
Literally, the statement received from US SSA isn't a 1099 but SSA's own form.
tb
Feb 9, 2024, 4:32:16 PMFeb 9
to
On 2/8/2024 at 7:37:53 PM Adam H. Kerman wrote:
> tb <nos...@example.invalid> wrote:
>
> > I am a U.S. citizen and reside in the USA.
>
> > The Swiss "Social Security Administration" will soon start
> > crediting my bank account with monthly social security payments.
>
> > These payments are not the result of a totalization agreement
> > between the U.S. and the Swiss social security administrations.
>
> > The Swiss government will not be sending me a Form 1099-R at the
> > end of the year.
>
> > My reading of the tax treaty between the U.S.A. and Switzerland is
> > that I will have to pay taxes in the U.S.A. for such social security
> > payments.
>
> > Since the Swiss "Social Security Administration" will not be
> > sending me a Form 1099-R, will I have to fill out such form on my
> > own, or perhaps fill out Form 4852? (In either case I will not be
> > able to supply a payer's TIN and might have to do a paper return...)
>
> You aren't the payer, so skip the 1099-R. You will have received
> statements from the pension administrators so you'll know what you'll
> need to report.
>
> Literally, the statement received from US SSA isn't a 1099 but SSA's
> own form.
Ok, thanks.
> tb <nos...@example.invalid> wrote:
>
> > I am a U.S. citizen and reside in the USA.
>
> > The Swiss "Social Security Administration" will soon start
> > crediting my bank account with monthly social security payments.
>
> > These payments are not the result of a totalization agreement
> > between the U.S. and the Swiss social security administrations.
>
> > The Swiss government will not be sending me a Form 1099-R at the
> > end of the year.
>
> > My reading of the tax treaty between the U.S.A. and Switzerland is
> > that I will have to pay taxes in the U.S.A. for such social security
> > payments.
>
> > Since the Swiss "Social Security Administration" will not be
> > sending me a Form 1099-R, will I have to fill out such form on my
> > own, or perhaps fill out Form 4852? (In either case I will not be
> > able to supply a payer's TIN and might have to do a paper return...)
>
> You aren't the payer, so skip the 1099-R. You will have received
> statements from the pension administrators so you'll know what you'll
> need to report.
>
> Literally, the statement received from US SSA isn't a 1099 but SSA's
> own form.
Would you report such income on Line 5b, Line 6b, or Line 8 (via
Schedule 1, Line 8z) of the 1040?
--
tb
Adam H. Kerman
Feb 9, 2024, 5:32:46 PMFeb 9
to
subject to foreign tax as well, don't forget to take the credit.
tb
Feb 9, 2024, 8:43:17 PMFeb 9
to
On 2/9/24 16:30, Adam H. Kerman wrote:
>
> Both 5a and 5b. What part is the taxable part? I'm not sure. If it was
> subject to foreign tax as well, don't forget to take the credit.
>
I could not find anything in the tax agreement that would indicate what
>
> Both 5a and 5b. What part is the taxable part? I'm not sure. If it was
> subject to foreign tax as well, don't forget to take the credit.
>
part is taxable. I am therefore guessing that 100% is taxable...
--
tb
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