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How to report a distribution from a foreign profit sharing plan in TurboTax?
Hi team -
In 2020, my previous foreign company (based in France) created and liquidated a profit sharing plan on my behalf, due to some back payments they owed me.
As a result, I took a distribution for this plan in 2020, which I assume is taxable income in the US.
I didn't receive a 1099-R form from the foreign profit sharing plan manager (despite me asking) so I tried to fill out a substitute 1099-R on Turbotax.
However, because I don't have a valid TIN for the foreign entity, I am not able to use that option in TurboTax.
Where should I report this income in TurboTax?
Topics:
‎February 28, 2021
2:20 PM