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Retirement tax questions
Yes, Foreign Pension income is taxable in the US. If you also paid Foreign Taxes on your pension, claim a Foreign Tax Credit on the tax paid.
If you have a 'government' pension from a foreign country, it may not be taxable in that country.
To report the foreign pension income, under Wages & Income, scroll all the way down to Less Common Income, then to Miscellaneous Income 1099-A, choose Start/Update.
On the next page, scroll all the way down to Other Reportable Income; choose Start/Update. On the next page, you enter a Description and Amount (screenshot).
To claim the Foreign Tax Credit, under Deductions & Credits, scroll down to Estimates and Other Taxes Paid; choose Start/Update for Foreign Taxes.
@shallathm
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‎April 13, 2022
5:34 PM