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Level 4
February 13, 2022
Question

Foreign Social Security Pension

  • February 13, 2022
  • 2 replies
  • 10 views

Before 2018 taxable Foreign Social Security Pensions were reported in Form 1040 line 21. From 2018 on, with the new revised Form 1040 -that it’s in force nowadays- must it be reported in line “8 Other income from Schedule 1 line 10”? And in such Schedule in line 8z?.

Any comments or confirmation is greatly appreciated.

    2 replies

    Critter-3
    Level 15
    February 13, 2022

    Yes ... but when all else fails read the instructions ... they start on page 84 :  https://www.irs.gov/pub/irs-pdf/f1040s1.pdf

     

    And see pub 525  https://www.irs.gov/pub/irs-pdf/p525.pdf

    Level 15
    February 13, 2022

    Yes, foreign pensions will be reported on line 8 "Other income from Schedule 1 line 10" on Form 1040.  Yes, in Schedule 1 it will be on line 8z.

     

    Please follow these steps to enter this into TurboTax:  

    1. Select "Federal"
    2. Scroll down to "Less Common Income"  and click "Start" next to  "Miscellaneous Income, 1099-A, 1099-C
    3. Scroll down to "Other Reportable Income" and click "Start"
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