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Returning Member
posted Jun 1, 2019 1:20:16 PM

Where should I enter overseas pension income on my tax return when using TurboTax?

Hi,

I am originally from the U.K and a few years ago I began receiving a small monthly pension from a previous employer there. The amount about $2050.00 per year.

When I first began receiving it I wasn’t sure where to enter on my tax return and someone suggested i report it on the 1040 on line 21 – Other Income.

However, on the 2018 1040, someone told me to record it under the Pension and Annuity Line, entering the full amount for 2018 on line 4b.

Can you please advise me if this is the correct way to disclose this income or should I be doing something else? How will TurboTax online help me determine where to enter it? 

Thank you. 


0 1 1704
1 Best answer
Expert Alumni
Jun 1, 2019 1:20:18 PM

To report your UK pension, while working in your TurboTax Online return:

  • Click on "Search" in the upper right hand corner of your screen.
  • Type "1099r" in the search window and hit enter., then Click on "Jump to 1099r"
  •  On the next screen, answer yes to "Did you have any of these types of income in 2018?"
  • Click "Continue"
  • Click on "I'll type it in myself"
  • Check the box next to "I need to prepare a substitute 1099-R."
  • On the next page, click "Continue"
  • Fill in the boxes with your pension information.  For the Federal Tax ID, use "99-9999999" for Box 7, use Code 7.
  • Select Yes when asked if you want to prepare a substitute Form 4852.



1 Replies
Expert Alumni
Jun 1, 2019 1:20:18 PM

To report your UK pension, while working in your TurboTax Online return:

  • Click on "Search" in the upper right hand corner of your screen.
  • Type "1099r" in the search window and hit enter., then Click on "Jump to 1099r"
  •  On the next screen, answer yes to "Did you have any of these types of income in 2018?"
  • Click "Continue"
  • Click on "I'll type it in myself"
  • Check the box next to "I need to prepare a substitute 1099-R."
  • On the next page, click "Continue"
  • Fill in the boxes with your pension information.  For the Federal Tax ID, use "99-9999999" for Box 7, use Code 7.
  • Select Yes when asked if you want to prepare a substitute Form 4852.