Tax query on PF for filing US tax return

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Tax query on PF for filing US tax return

Hi,

I am a resident alien and have a query around PF withdrawals and interest.

I have made a partial PF principal withdrawal in 2017 which is tax exempt in India.

1. Do I need to declare the withdrawal amount on my US return.
2. Do I need to declare the PF interest received last year on my US return. or only declare the interest earned on the amount withdrawn.

Profile photo of astha Asked By: astha 1 replies 0 helpful answers Last Updated: 11 months, 1 week ago
  • Profile photo of asthaastha
    Participant

    Hi,

    I am a resident alien and have a query around PF withdrawals and interest.

    I have made a partial PF principal withdrawal in 2017 which is tax exempt in India.

    1. Do I need to declare the withdrawal amount on my US return.
    2. Do I need to declare the PF interest received last year on my US return. or only declare the interest earned on the amount withdrawn.

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    You will have to report the PF interest on your US tax return for all the years you qualify as resident for US tax purposes if you have not reported the same anytime before.

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