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denyerp
New Member

Can I file a substitute 1099-R for a foreign pension? There's no option shown online for "I need to prepare a substitute 1099-R"

 
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1 Reply
DavidD66
Expert Alumni

Can I file a substitute 1099-R for a foreign pension? There's no option shown online for "I need to prepare a substitute 1099-R"

You do report a foreign pension using Substitute 1099-R.  You should report it as "Other Income".  To then report the amount as Other Income in TurboTax:

 

  • Type "Other Income" in Search and hit Enter
  • Click on "Jump to other income"
  • Answer "No" to "Did you get a 1099-MISC"
  • Continue through the interview till you get to "Less Common Income" and click on it.
  • Scroll to the bottom of the page and click on "Start" next to "Miscellaneous Income, ..."
  • Click on Start next to "Other reportable income"
  • Answer Yes to "Any Other Taxable Income?"
  • Give a description (e.g. Foreign Pension) and enter the amount
  • The amount will be reported as "Other Income" on Schedule 1 of Form 1040
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