Retirement tax questions

There may be an error based on the payer's i.d.. Enter the information that you have and see if it is able to be filed by TurboTax. There is a workaround for the payer i.d. if there is an error.

You need to enter a substitute 1099-R form in TurboTax as follows:

Here are the steps:

1.  Sign into your account and select Pick up where I left off or Continue.

2.  Type 1099-R in the search bar and select Jump to 1099-R

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.  

As to the Federal ID, if your foreign issuer does not have the ID number, try entering 99-9999999.

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 left side menu, select the tab Federal.
2. Select the Wages & Income tab from the top of the screen and Continue.
3. Scroll down to Less Common Income ( very last  section on the screen) and show more.
4. Select Miscellaneous Income, 1099-A, 1099-C and Start
5. On the next screen, scroll down to Other income not already reported on a Form W-2 or Form 1099 and select Start to enter your foreign pension information