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Taxable amount for 1099-R when residing overseas
I am preparing taxes for my mother who lives overseas, in a country with a tax treaty with the US.
There should be a way for Turbo Tax to determine that the taxable amount for pension payments is zero, in the same way that you determine it's 0 for Social Security payments, if the taxpayer lives in one of those tax treaty countries.
Currently I have to override the "Taxable Amount" and manually enter 0 and then I fail the error check: "Taxable amount should not be zero if there is no prior year excess traditional IRA contribution on line 4 of the IRA Information Worksheet."
March 9, 2025
2:40 PM