How is foreign pension reported with no 1099 form? 3 additional questions!

[juham2013]

Could anyone confirm that I have understood the foreign tax credit carry-over correctly?   When I am looking at the summary of our family income (I am filing married jointly) and the taxes that we've paid, I see that only a portion of the taxes I paid on the pension was allowed. 

Q1: Does that mean than the portion that was disallowed will carry over to tax year 2025?

Q2: Is a foreign tax credit treated differently for a "lump sum" versus monthly payments?  As indicated above, I got a lump sum this first time only.

Q3: After I reported this foreign pension and taxes paid on it, the interview process asked me to modify the total gross annual income,  either up or down (in my case, it will be down = placing a negative number in the field).  I was "surprised" at this question as I have never had TT software prompting me on this.  I assume that this is "normal?"

Awaiting comments!

JJ

I was paid a pension by a foreign entity in 2024 - exceptionally, this one time only - 

[juham2013]

Question 4: I assume that I would select "Normal Distribution" and if not, why not?  I am not sure if that is the right selection and if it is, will it also apply to monthly pension payments going forward?

Thank you!

JJ

[DaveF1006]

Yes, this is a normal distribution.