Help needed how to fill french tax return for 401k

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Tagged: French tax 401k

This topic has 3 replies, 3 voices, and was last updated 3 months, 1 week ago by Benoit Lanthemann.

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- 2023-05-15 at 12:54 pm #7402
  
  Benoit Lanthemann
  Participant
  
  Hi!
  Living in France, I received partial lump sum payment from 401k. Got 1042S form. (30 % kept by US)
  Anybody has expérience where to report this precisely under the french “déclaration d’impôts”.
  thanks and Regards,
  Merci d’avance!
- 2023-06-11 at 5:12 pm #7419
  
  Charles Ingold
  Participant
  
  You should not have to pay a dime to the French tax authorities. There is (thank God) a fiscal convention (convention fiscale). You might read the exact terms but if your tax bracket in France is close to 30 %, you should not be liable for double taxation.
- 2026-07-17 at 5:12 pm #23365463
  
  Eric Hollebecque
  Participant
  
  Benoît,
  
  I just saw your posting, I am starting to get my 401K paid yearly. got like you 30% cut for the IRS? which I expected
  My question, Did you file a tax return at the end of the year, did you get any moneys back?
- 2026-07-18 at 5:59 am #23365466
  
  Benoit Lanthemann
  Participant
  
  Eric, Hi!
  I am a French resident, so I was advised by the local tax office to report the 401k partial lump sum payment on formula #2047 item #6 and on formula #2042 item #1AL. This pushes up the rate of taxation but provides also a tax credit. The formula used for the tax credit is not black and white to me, and since it is pooled with other income from foreign sources, difficult to assess. The filing process remains a hassle, never sure I do it right. I hope this helps.
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