To enter foreign pension in TurboTax online program, you
will need to create a substitute form 1099-R.
Here are the steps:
1. Sign into your account and select Take me
to my return
2. At the right upper corner, type in 1099r,
then Enter
3. Select Jump to 1099r
4. On screen, Your 1099-R, answer Yes and select Continue
5. Next screen, Choose your bank or
brokerage, select I'll type it in myself
6. 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. See attached
screenshot
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 instructions. As long as IRS has the pension reported
and included in total income, it is not problematic.
1. In the program, from the top, select tab Federal taxes / Wages &
Income -Less Common Income ( very last section on the screen)
2. Select Miscellaneous Income , 1099-A,
1099-C- Start
3. Select Miscellaneous Income- Other
income not already reported on a Form W-2 or Form 1099- select Start to information
To enter a foreign tax credit on form 1116, go to:
1. After sign into your account, select Take me to my return
2. At the right upper corner, in the search box , type
in foreign tax credit and Enter
3. Select Jump
to foreign tax credit
4. Start with screen Foreign Taxes and
select Continue to follow prompts.
