To report foreign pension income, you should prepare a substitute Form 1099-R.
Per the IRS Instructions for Form 2555 Page 3, "Foreign earned income doesn't include
amounts that are actually a distribution of corporate earnings or profits
rather than a reasonable allowance as compensation for your personal services.
It also doesn't include the following types of income.
- Pension
and annuity income (including social security benefits and railroad
retirement benefits treated as social security)."
Thus, please review the following TurboTax FAQ to enter a substitute Form 1099-R:
https://ttlc.intuit.com/replies/4194737
Then, on the Tell Us Which 1099-R You Have screen, select I need to prepare a substitute
1099-R.
