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Since retirement income from a foreign country is considered unearned income is it taxed and if so where
New wife is retired government teacher from another country
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Since retirement income from a foreign country is considered unearned income is it taxed and if so where
Yes, it's taxed. The Pension income will be entered in the Retirement Plans and Social Security section. Select the first option 1099-R, IRAs, 401(k), early withdrawals. If you did not receive a 1099-R, then create a Substitute 1099-R when prompted.
Remember to report all income in U.S. Dollars.
See the TurboTax FAQ below for more information on foreign income. Click "See entire answer" for the full page view.