maglib
Level 10

Retirement tax questions

@damenora  To enter foreign pension in TurboTax , you will you would NOT treat it as "other income," rather, you will create a mock form 1099-R. Within your Personal Tax section, Under Retirement Plans, select the IRA, 401(k), Pension Plans (1099-R).

To report your foreign pension in TurboTax follow these steps:

  1. Log in to your TurboTax account if it is not open.
  2. Select the Wages & Income tab.
  3. Scroll down to Less common income click Show more.
  4. On the page Let's Work on Any Miscellaneous Income click on Other reportable income.
  5. On the page Any Other Taxable Income?  select yes.
  6. On the page, Other Taxable Income enter Foreign Pension for the description and the amount.
  7. Select continue and answer No on the next page
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