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I have a pension in Germany and I want it transferred here…

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I have a pension in...
I have a pension in Germany and I want it transferred here in the USA
Submitted: 2 months ago.Category: Tax
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Answered in 4 minutes by:
5/25/2018
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 months ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,403
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 months ago

When you say you " want it transferred here in the USA" do you mean to a retirement account here in the US?

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Customer reply replied 2 months ago
No i'm good
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 months ago

Any call offer is site generated, just ignore it.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 months ago

Unfortunately that is not allowed. A rollover to a US account from a foreign pension is not allowed.

Nothing in any article of the Treaty between the US and Germany overrides the requirement that the distribution must qualify as an “eligible rollover distribution” within the meaning of section 402(c)(4).

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 months ago

I hope this has been informative.

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