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-   -   Tax paid in US on 401k cash out - will this also be counted as taxable income in AUS? (https://www.askmehelpdesk.com/showthread.php?t=429175)

  • Dec 29, 2009, 03:17 AM
    blovx5
    Tax paid in US on 401k cash out - will this also be counted as taxable income in AUS?
    We have been in Australia for a few years but last year we cashed in our 401k, filed US taxes and paid all applicable taxes (around 30%)
    We are now needing to file AUS taxes (since the tax year is July-Jun) albeit a little late, but it appears that this will be treated as taxable income in AUS also. I have come across conflicting information, can anyone help? Thanks.
  • Dec 29, 2009, 12:43 PM
    MukatA

    This forum is about the U.S. taxes.

    Even if it is taxable in Aus, you may also be able to claim credit for taxes paid in the U.S.

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