MarilynG1
Expert Alumni

Retirement tax questions

Yes, as a US citizen all your world-wide income is reported.  For most folks receiving a Foreign Pension, they take a Foreign Tax Credit which offsets the US tax they are assessed on the income.

 

It may be that your small pensions won't affect your tax situation much, after the Standard/Itemized Deduction is applied.

 

To report Foreign Pension Income:

 

  • Under Wages & Income, scroll all the way down to Other Miscellaneous Income, 1099-A..
  • On the next screen, scroll all the way down to Other Reportable Income, Other Taxable Income
  • Enter a Description and Amount

@Mizio

 

 

 

 

 

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