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Topic: 1040 taxes  (Read 969 times)

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1040 taxes
« on: December 08, 2016, 12:17:31 PM »
Could anyone tell me the following: 1) If all my wages were foreign earned income and I'm using 2555EZ do I still enter my wages in no.7?
2) Is the interest from my UK bank account and from stocks taxable by usa?
3) Are qualified dividends taxable?
4) Are capital gains taxable, ie both short term and long term?  And if not then do I still enter them on no.13?
5) Are my US social security pension and UK state pension taxable and if so to be listed on 16a and/or 20a?
Thanks to anyone who can help.


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Re: 1040 taxes
« Reply #1 on: December 08, 2016, 08:06:32 PM »
Could anyone tell me the following: 1) If all my wages were foreign earned income and I'm using 2555EZ do I still enter my wages in no.7?
2) Is the interest from my UK bank account and from stocks taxable by usa?
3) Are qualified dividends taxable?
4) Are capital gains taxable, ie both short term and long term?  And if not then do I still enter them on no.13?
5) Are my US social security pension and UK state pension taxable and if so to be listed on 16a and/or 20a?
Thanks to anyone who can help.
Yes and no - this question lacks facts. In general a US return reports worldwide income & gains plus information returns. As the UK may tax the same income, but we have no data about the UK position it is not possible to comment.


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Re: 1040 taxes
« Reply #2 on: December 09, 2016, 01:32:59 PM »
Could anyone tell me the following: 1) If all my wages were foreign earned income and I'm using 2555EZ do I still enter my wages in no.7?
2) Is the interest from my UK bank account and from stocks taxable by usa?
3) Are qualified dividends taxable?
4) Are capital gains taxable, ie both short term and long term?  And if not then do I still enter them on no.13?
5) Are my US social security pension and UK state pension taxable and if so to be listed on 16a and/or 20a?
Thanks to anyone who can help.

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