How to enter Foreign Pension as Pension Income

[Art102]

I filed 2024 using TaxAct for the Foreign Pension reason.  It was a breeze entering the foreign pensions and I found their support to be excellent as well.  No need to fake it and make up all the extra info required for a substitute 1099 and file the extra unnecessary forms.  Now my Georgia State return is accurate and I was able to qualify for Senior Property Tax exemptions.

Sorry, TurboTax but it looks like you've chased off another potential lifelong customer over this issue. 

[Frank1953]

The all 55-5555555 works perfectly. You should be able to insert it either through the guided interview or directly in forms view for the Form 4852. Note that IRS does not require that you file Form 4852, but it is required by TurboTax in order to generate the 1099-R.

[DaveF1006]

Also, you can try 99-0999999 as this has been successful also.

[Art102]

The point is to avoid using a hack like filing a substitute 1099R when it is completely unnecessary and uses a method that the IRS does not want us to use. 

Turbo Tax is the only program that has this limitation.  TaxAct does not, HR Block does not.  They allow straightforward entry of the information and have an entry form made for the purpose.  I had a great experience using TaxAct this year.

Until TurboTax catches up, they have lost my business...  and the longer it takes the less likely they will get it back.

[MShaw7]

Well, I'm here because of a search to resolve the same issue with HR Block, so Turbo Tax is not alone.  Just thought I'd let others know.  HR Block chat suggested to put Foreign Pension income in Other Miscellaneous Income, but that causes the problems mentioned previously.

[Art102]

Someone at HR Block may have suggested that, but their software does not require it.  You can enter it as pension income without having to file a substitute 1099.   Between TaxAct and HR Block, TaxAct was more straight forward and they have an entry form made for the purpose.  So, TurboTax is the only software that is preventing it between those three.