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Level 1
June 6, 2019
Solved

Where do i enter lump sum foreign pension income

  • June 6, 2019
  • 1 reply
  • 0 views
do i enter the foreign pension lump sum amount as foreign earned income or somewhere else?
Best answer by PopeyeTheSalior

To enter a foreign pension in TurboTax online program, simply follow these steps:

 

  • After sign into your account, select Pick up where you left off
  • In the program, from the top, select tab Federal taxes / Wages & Income -Less Common Income ( very last section on the screen) 
  • Select Miscellaneous Income , 1099-A, 1099-CStart 
  • Select Miscellaneous IncomeOther income not already reported on a Form W-2 or Form 1099-    choose Start to enter information

 

For more information, see http://www.irs.gov/Businesses/The-Taxation-of-Foreign-Pension-and-Annuity-Distribution

 

 

1 reply

PopeyeTheSalior
Level 13
June 6, 2019

To enter a foreign pension in TurboTax online program, simply follow these steps:

 

  • After sign into your account, select Pick up where you left off
  • In the program, from the top, select tab Federal taxes / Wages & Income -Less Common Income ( very last section on the screen) 
  • Select Miscellaneous Income , 1099-A, 1099-CStart 
  • Select Miscellaneous IncomeOther income not already reported on a Form W-2 or Form 1099-    choose Start to enter information

 

For more information, see http://www.irs.gov/Businesses/The-Taxation-of-Foreign-Pension-and-Annuity-Distribution