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New Member
posted Feb 25, 2021 12:33:18 PM

How do I input foreign pension income information?

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1 Replies
Expert Alumni
Feb 25, 2021 12:53:43 PM

As a US Citizen or Resident Alien,  100% of your worldwide income is taxable by the US and must be reported on your tax return.

 

To report foreign pension income, 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 2020?"
  • 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.