Tax treaty-related matters are out of scope for our advice. Generally, both the social security/ pension-related and the PPF from India are taxable to the US. However, you would need to consult another professional who is specialized in it for verification.
If it is taxable, to enter the pension, you will need to create a substitute form 1099-R.
Here are the steps:
In TurboTax online,
- Sign in to your account and select Pick up where you left off
- At the right upper corner, type in 1099r, then Enter
- Select Jump to 1099r
- Follow prompts
- Next screen, Choose your bank or brokerage, select I'll type it in myself
- On the screen Tell Us Which 1099-R You Have, check the box I need to prepare a substitute 1099-R and follow the prompts.
As to the Federal ID, foreign pension often does not have the ID number. Please try entering nine 9s. If electronic errors occur due to 1099-R data entry, enter the pension under Miscellaneous income, see instructions below. As long as the IRS has the pension reported and included in total income, it is not problematic.
- To your left, select Federal
- From the top, select Wages and Income
- Scroll down to last section -Less Common Income -select Miscellaneous Income, 1099-A, 1099-C- Start
- Next screen, scroll down to Other Reportable Income- Start
- Follow prompts
For more information, see http://www.irs.gov/Businesses/The-Taxation-of-Foreign-Pension-and-Annuity-Distributions
If it is not taxable to you,
- report your full amount as instructed above. Then enter the treaty exempt amount as a negative amount (e.g. -5000) under Other Reportable Income as instructed above.
- Download and fill in a Form 8833 from IRS to claim an exception. https://www.irs.gov/pub/irs-pdf/f8833.pdf
- You cannot e-file. You can still use the TurboTax program to prepare your tax forms, but you need to print them out and submit them by mail along with form 8833.
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