pk
Level 15
Level 15

Deductions & credits

@BettyL , in my view ( and a google search will show that this is the preferred way), foreign pensions and annuities should  be reported  as pension i.e. using  1099-R  form. Since this no exist for foreign payors, you  choose  the income group that includes 401k, pension etc.  -- this will make TurboTax prompt for  name , address of the payor, the distribution, taxable amount ( for foreign pension this would be all taxable), distribution code   ( usually 7  for normal distribution ) and of course the EIN of the payor  ( you can use a dummy code of 23-1234567  just to keep the software happy -- any auditor will know this is dummy ).  This will put the taxable amount on line 5b of 1040, where it belongs.  This would al.so mean that  this pension amount t would be picked up by the state return  ( or should  be ), since the software has no way to know that this pension is not domestic.

 

The other method would put it on shedule-1 as "other taxable income -- which it is not

 

Is there more I can do for you ?

 

pk