Turbotax free edition gives me the option to enter canada pension information seperately.turbotax deluxe does not

Forum|Forum|7 years ago
June 1, 2019
2 replies
15 views

I started using the TT free edition and it says I cant because of income.I had to start all over with TT deluxe but this version ,unlike the free, does not give me the option to enter Canada pension separately and forces me to include is SS section to tax it. I am so pissed with TT and their games of confusion.This is the only software that supports the Canada pension online so I am stuck but God help if if I am paying tax on something that I am not supposed to. Please tell me how to get that section on the deluxe edition.

TurboTax Deluxe Online

KittyM

Level 10

According to the IRS, special tax treatment applies to payments received from the Canadian pension, the Quebec pension plan, and the Old Age Security plan. If the recipient is a resident of the United States, the benefits are taxable only in the United States, treated as US social security benefits for US tax purposes. It’s not treated as a Canadian social security benefit, it’s treated as a US social security benefit, and would be taxed the same way US social security benefits are taxed. Enter it as if US Social Security benefits.

If it's another type of pension, you will enter your foreign pension as "Other Income." To enter it on your return, follow the instructions below:

Choose the Federal return and the Wages & Income tab.
Scroll down to Less Common Income (you may have to choose Add more income and See more income to view this topic) and Show more.
Choose Miscellaneous Income, 1099-A, 1099-C.
Choose Other Reportable Income and say Yes.
The screen says "Do not enter income reported on Form 1099-MISC". This is where you will enter the description "Foreign Pension" and the amount you received.

larrym46Author

Level 2

I'm sorry. This does not address why the free edition offers a Canada pension section and deluxe doesn't. I am us citizen so should not pay taxes on Canada pension.