MaryK4
Expert Alumni

Get your taxes done using TurboTax

No, to enter foreign pension in TurboTax online program, you will need to create a substitute form 1099-R.

Within your Personal Tax section, Under Retirement Plans, select the IRA, 401(k), Pension Plans (1099-R).

  • On screen, Your 1099-R, answer Yes and select Continue
  • Next screen, Choose your bank or brokerage, select I'll type it in myself
  • On the screen Tell Us Which 1099-R You Have,  check the box " I need to prepare a substitute 1099-R" and follow the prompts. 

As to the Federal ID, if your foreign issuer does not have the ID number, try entering nine 9s.  If electronic errors occur due to 1099-R data entry, enter the pension under Miscellaneous income, see below.  As long as IRS has the pension reported and included in total income, it is not problematic. 

 

Less Common Income ( very last section on the screen) 

Select Miscellaneous Income , 1099-A, 1099-CStart 

Select Miscellaneous IncomeOther income not already reported on a Form W-2 or Form 1099-       select Start to information

(Where to enter foreign pension income )

 

@blackcomb_boy

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