turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I input foreign (UK) pension income and the associated tax paid

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DaveF1006
Employee Tax Expert

How do I input foreign (UK) pension income and the associated tax paid

Here is the best way to report his income.

 

  1. Go to the wages Wages & Income screen, scroll to Less Common Income.
  2. Click the Start/Revisit box next to Miscellaneous Income, 1099-A, 1099-C
  3. On the next screen, click the Start/Revisit box next to Other reportable income.
  4. Click the Yes box on the Any Other Taxable Income screen.
  5. On the next screen, enter UK-Pension as the description and then the amount.

To report the foreign tax paid.

 

  1. Go to Federal
  2. Deductions and credits 
  3. Estimate and other taxes paid 
  4. Foreign Tax Credit>start or revisit
  5. When it asks We just need to check if you have any uncommon situations indicate I paid foreign taxes on income I earned while working in another country. 
  6. At some point in the interview, it will ask if you wish to take a deduction or a credit. If you are able to itemize deductions, you may consider taking the deduction.
  7. There will be questions in the next screen asking you the description of the Foreign Taxes paid and the amount.
  8. If you find that this has no effect on your tax return, you may circle-back and choose you wish to take a credit.
  9. Navigate and record the entries that the program asks for and when you reach the page that mentions Foreign Tax Credit Worksheet, this is where you take notice.
  10. The first that you will be asked is what category of income is it, you will say Passive income.
  11. Next screen will say Country Summary, select add a country 
  12. When it says Other Gross Income - XXXX, Here you put in the Gross Amount you earned in that country. 
  13. Then you will navigate through the screens until you come to a screen that says Foreign Taxes Paid - XXXX, here is where you record the amount paid under Foreign Taxes.   
  14. Finish out the section.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question