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Level 1
March 28, 2021
Solved

I live in Ireland and took distribution from my pension. How do I show this in Turbotax? Also the tax paid?

My pension is an Irish one.
DanaB27Answer
Employee Tax Expert
March 28, 2021

Please follow these steps to create a substitute 1099-R :

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R”
  1. Continue until the screen "Tell us if any of these uncommon situations apply" and check the box "I need to prepare a substitute 1099-R" 

 

For the Federal ID please try entering nine 9s.  If electronic errors occur due to 1099-R data entry, enter the pension under Miscellaneous income. Please follow these steps:  

  1. Select "Federal"
  2. Scroll down to "Less Common Income"  and click "Start" next to  "Miscellaneous Income, 1099-A, 1099-C" 
  3. Scroll down to "Other Reportable Income" and click "Start"

 

Please see Where do I enter the foreign tax credit (Form 1116) or deduction for 2020? to enter the foreign tax paid.

 

 

 

 

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1 reply

DanaB27Employee Tax ExpertAnswer
Employee Tax Expert
March 28, 2021

Please follow these steps to create a substitute 1099-R :

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R”
  1. Continue until the screen "Tell us if any of these uncommon situations apply" and check the box "I need to prepare a substitute 1099-R" 

 

For the Federal ID please try entering nine 9s.  If electronic errors occur due to 1099-R data entry, enter the pension under Miscellaneous income. Please follow these steps:  

  1. Select "Federal"
  2. Scroll down to "Less Common Income"  and click "Start" next to  "Miscellaneous Income, 1099-A, 1099-C" 
  3. Scroll down to "Other Reportable Income" and click "Start"

 

Please see Where do I enter the foreign tax credit (Form 1116) or deduction for 2020? to enter the foreign tax paid.

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"