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How do I enter a foreign pension when payer has no TIN?

 
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2 Replies
ThomasM125
Expert Alumni

How do I enter a foreign pension when payer has no TIN?

You can enter a substitute Form 1099-R as follows:

 

To enter a substitute form 1099-R in Turbo Tax Desktop follow these instructions:

 

  1. Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax
  2. Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
  3. Choose Add (Another) 1099-R
  4. Choose I'll type it in myself
  5. On the screen that says Tell Us Which 1099-R You Have choose I need to prepare a Substitute 1099-R

 

To enter a substitute form 1099-R in Turbo Tax Online follow these instructions:

 

  1. Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax
  2. Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
  3. Choose Add (Another) 1099-R
  4. Choose I'll type it in myself
  5. Choose the source of your 1099-R form
  6. Enter your pension distribution information into the Form 1099-R entry screens
  7. When you come to the screen that says Do any of these situations apply to you? Check the box that says I need to file a substitute 1099-R and follow the instructions

 


 

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How do I enter a foreign pension when payer has no TIN?

What country? There might be a tax treaty between the foreign country and the US that affects how the foreign pension is taxed by the US

 

if taxable 

method one - list under line 8z on schedule 1

Federal>wages and income
less common income>show more
Miscellaneous Income, 1099-A, 1099-C>start
Other reportable income>start
Answer yes to the first screen
Next will be a dialog box asking for the description of the income. Type in My Foreign Pension Income and report the amount.

 

meiod 2

create  1099-R -however, certain additional payer info is needed like

1) foreign address

2) payer id number try 36-1234567

 

 

 

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