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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-C- Start
Select Miscellaneous Income- Other income not already reported on a Form W-2 or Form 1099- select Start to information
(Where to enter foreign pension income )
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