LinaJ2018
Intuit Alumni

Retirement tax questions

If you are a US citizen or resident, you are required to report worldwide income including foreign pension.  

To enter a foreign pension in TurboTax online program, you will need to create a substitute form 1099-R.  

Here are the steps:

1.  Sign into your account and select Take me to my return

2.  At the right upper corner, type in 1099r, then Enter

3.  Select Jump to 1099r

4.  On screen, Your 1099-R / Did you have any of these income in 2017 ?, 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.  See attached screenshot

As to the Federal ID, if you do not have the information, please try entering nine 9s. 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. 

 

 Here is the alternative:

1.  After sign into your account, select Take me to my return 

2.  To your left, select Federal, from the top, select Wages & Income, scroll down to Less Common Income ( very                        last section on the screen) 

3.  Click on Show more drop-down menu, scroll down to Miscellaneous Income, 1099-A, 1099-CStart 

4.  Select Miscellaneous IncomeOther reportable income, select Start