Are your private pension payments what you are referring to as the "monthly payments you received last year? Your UK private employee pension payments are possibly taxable income.
If they are not taxable in the UK is the key. Do you know if your private pension is taxable in the UK?
If the UK taxed it, you may not be subject to double taxation due to tax treaties with the U.S. to prevent double-taxation.
If you're not a UK resident, you don't usually pay UK tax on your pension. But you might have to pay tax in the country you live in. There are a few exceptions - for example, UK civil service pensions will always be taxed in the UK.
To report your foreign pension in TurboTax follow these steps:
- Log in to your TurboTax account if it is not open.
- Select the Wages & Income tab.
- Scroll down to Less common income click Show more.
- On the page Let's Work on Any Miscellaneous Income click on Other reportable income.
- On the page Any Other Taxable Income? select yes.
- On the page, Other Taxable Income enter Foreign Pension for the description and the amount.
- Select continue and answer No on the next page.
Click here for additional information on the Taxation of Foreign Pensions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
