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ckop
Level 1

Reporting UK pension which was taxed in the UK

I started to receive a pension from the UK last year.  I understand this is taxable and needs to be reported using a 1099-R.  However, the UK government taxed me on the amount, and I have paid this.

How do I claim a deduction for the tax I have paid to the UK government?  I don't see how to do this on the 1099-R so that I do not get taxed by both governments.

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Accepted Solutions
ErnieS0
Expert Alumni

Reporting UK pension which was taxed in the UK

You can claim a foreign tax credit or deduction for UK tax. The foreign tax credit generally works better but you can try it both ways.

  • Type foreign tax credit in Search in the upper right
  • Select Jump to foreign tax credit
  • Follow the screens. A pension is general category income

Related Resources:

Filing IRS Form 1116 to Claim the Foreign Tax Credit

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
ErnieS0
Expert Alumni

Reporting UK pension which was taxed in the UK

You can claim a foreign tax credit or deduction for UK tax. The foreign tax credit generally works better but you can try it both ways.

  • Type foreign tax credit in Search in the upper right
  • Select Jump to foreign tax credit
  • Follow the screens. A pension is general category income

Related Resources:

Filing IRS Form 1116 to Claim the Foreign Tax Credit

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

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