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Retirement tax questions
Hi, To enter the UK pension in TurboTax online program, you will need to create a substitute form 1099-R. ( The same method for Netherlands )
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 2016 ?, 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, UK pensions often do not have the ID number. 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.
1. Federal taxes / Wages & Income -Less Common Income
2. Select Miscellaneous Income , 1099-A, 1099-C- Start
3. Select Miscellaneous Income- Other income not already reported on a Form W-2 or Form 1099- Start
For more information, see http://www.irs.gov/Businesses/The-Taxation-of-Foreign-Pension-and-Annuity-Distributions