Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

IRS TAX return - UK Military Pension

IRS TAX return - UK Military Pension

Old Feb 19th 2011, 10:55 pm
  #1  
Forum Regular
Thread Starter
 
sportaxi's Avatar
 
Joined: Jul 2008
Location: Missouri City, Texas
Posts: 30
sportaxi is an unknown quantity at this point
Default IRS TAX return - UK Military Pension

Any assistance appreciated.

Were in the US on a L-1 visa (2 years now), last year tax return done with CPA ($$$$ expensive), trying this year though Turbo TAX Premier

Question is. I have a UK Armed forces pension (taxed in the UK at source), any idea how I input this into TurboTax (Retirement Plans 1099-R) i cant see any provision to allow me to say that it is already taxed in UK, or the correct input method.

Any advise appreciated in advance
sportaxi is offline  
Old Feb 20th 2011, 12:26 am
  #2  
Account Closed
 
Joined: Aug 2002
Location: Kentucky
Posts: 38,867
ian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond repute
Default Re: IRS TAX return - UK Military Pension

Originally Posted by sportaxi View Post
Question is. I have a UK Armed forces pension (taxed in the UK at source), any idea how I input this into TurboTax (Retirement Plans 1099-R) i cant see any provision to allow me to say that it is already taxed in UK, or the correct input method.
Can't remember exactly, but I believe it's included as "income" at the beginning, and subtracted out later as "already taxed".

Ian
ian-mstm is offline  
Old Feb 21st 2011, 12:26 pm
  #3  
Lost in BE Cyberspace
 
Michael's Avatar
 
Joined: Jun 2008
Location: San Francisco Bay Area
Posts: 10,678
Michael has a reputation beyond reputeMichael has a reputation beyond reputeMichael has a reputation beyond reputeMichael has a reputation beyond reputeMichael has a reputation beyond reputeMichael has a reputation beyond reputeMichael has a reputation beyond reputeMichael has a reputation beyond reputeMichael has a reputation beyond reputeMichael has a reputation beyond reputeMichael has a reputation beyond repute
Default Re: IRS TAX return - UK Military Pension

Originally Posted by sportaxi View Post
Any assistance appreciated.

Were in the US on a L-1 visa (2 years now), last year tax return done with CPA ($$$$ expensive), trying this year though Turbo TAX Premier

Question is. I have a UK Armed forces pension (taxed in the UK at source), any idea how I input this into TurboTax (Retirement Plans 1099-R) i cant see any provision to allow me to say that it is already taxed in UK, or the correct input method.

Any advise appreciated in advance
Did you file as a resident last year? If you did, check that return to see how it was done and just duplicate the information by manually filling out that form in Turbo Tax and Turbo Tax should pick up that information to calculate your taxes. I'm not sure if Turbo Tax can handle that information through a menu (it can handle foreign taxes on dividends but not sure if it is set up to handle a foreign 1099-R).

I think it is IRS form 1116 to show foreign taxes paid but not 100% sure.

Have you tried to search or ask the question in the "Live Community" in Turbo Tax? If that doesn't work, you can pay $30 to "Ask an Expert" in Turbo Tax and they will call you on the phone.
Michael is offline  
Old Feb 21st 2011, 8:21 pm
  #4  
Forum Regular
 
Joined: Jan 2011
Location: DFW
Posts: 34
Rougesvp is an unknown quantity at this point
Default Re: IRS TAX return - UK Military Pension

I believe Michael is right.

This will be my 5th year here and I have not paid to get the tax returns done yet. I do it online with the IRS forms and soldier through.

Just as I finish the U.S. ones, the ones for Her Majesty become due!
Rougesvp is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.