Foreign Social Security

BigBob0923 — Mon, 23 Feb 2026 09:34:14 GMT

I am paid retirement benefits from Nicaragua which my sister collects and uses there. I do not see a tax treaty between US and Nicaragua so I'm not sure how to report this. I have found a few solutions using a 1099-R but those were for countries with treaties. Also, do you convert the payments to USD each month or just as of 12/31 exchange rate? Any help would be greatly appreciated. Thank you.

Re: Foreign Social Security

MarilynG1 — Tue, 31 Jan 2023 23:35:07 GMT

The issue with reporting foreign pension income under a 1099-R is the lack of a Payor ID, which generates Efile errors.

It is much easier to report as follows (and the income is taxed the same):

Scroll down the list of Income Topics to Less Common Income > Miscellaneous Income 1099-A, 1099-C, choose Start or Update.

Then scroll down the list of Miscellaneous Income Topics to 'Other Reportable Income'.

Enter 'Foreign Pension' and the Amount (screenshot).

If you paid any tax on your Foreign Pension, you can claim a Foreign Tax Credit.

topic Re: Foreign Social Security in Get your taxes done using TurboTax

Foreign Social Security

Re: Foreign Social Security