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Retirement tax questions
You can enter your foreign pension as "other income" using these steps:
- When you are in your federal return, click on Wages & Income (at the top of the screen).
- Under Less Common Income, click on the box next to Miscellaneous Income.
- On the next screen click on the box next to Other reportable income.
- Answer Yes to Any Other Taxable Income?
- Continue through the screens, entering the requested information..
If you have paid foreign taxes on the distribution, you can claim either a deduction or a credit for the foreign taxes you paid:
- When in your Federal return, click on Deductions & Credits > Continue.
- Scroll down to the Estimates and Other Taxes Paid section.
- Click on the box next to Foreign Taxes.
- On the Foreign Tax Credit screen, click on the Yes box.
- Continue through the screens, entering the requested information.
[Edited | 4/14/2020 | 8:35am PDT]
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‎June 4, 2019
1:33 PM