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Retirement tax questions
You can enter a foreign pension in the pension section of TurboTax. After you enter your info, you’ll need to prepare a substitute 1099-R @juham2013.
In CD/Download:
- Type 1099-r in Search in the top right
- Select Jump to 1099-r
- Tap Add Another 1099-R in the bottom left
- On Let Us Enter Your 1099-R, select I’ll type it in myself
- On Tell Us Which 1099-R You Have, choose Form 1099-R and check the box I need to prepare a substitute 1099-R
- Fill in all your info in US dollars. Do not enter any tax withheld in Box 4 as it is not US tax
- You can claim a credit or deductions for foreign tax paid elsewhere
There is a more complete discussion at Where to enter foreign pension income and foreign.
Where do I enter the foreign tax credit (Form 1116) or deduction?
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April 4, 2022
2:22 PM