ThomasM125
Expert Alumni

Deductions & credits

It would be best to report foreign pension income as if it was reported to you on a Form 1099-R like you do with domestic pension income. Since you don't have such a form, you need to prepare a substitute Form 1099R as follows:

 

  1. Find the Retirement Plans and Social Security menu option
  2. Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
  3. Choose Add (Another) 1099-R
  4. Choose I'll type it in myself 
  5. On the screen that says Tell Us Which 1099-R You Have choose I need to prepare a Substitute 1099-R

Then, complete the Form 1099-R pension income entries.

 

A less optimal method of reporting it would be to enter it as "Other" income as you mention, as follows:

 

1. From the Federal menu in TurboTax find Wages and Income 

2. Find Less Common Income

3. Choose Miscellaneous Income, 1099-A, 1099-C

4. Choose Other Reportable Income

 

The problem with this method is you may be entitled to a pension income exclusion on your state return which will be hard to achieve when you report the pension income as other income.

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